On June 1, 2023, Guggenheim Active Allocation Fund announced that its board of directors approved a monthly dividend of $0.12 per share ($1.42 annualized). The dividend is unchanged from the prior payment.
The ex-dividend date is June 14, 2023, and shareholders of record as of June 15, 2023, will receive the payment on June 30, 2023. As of the article’s date, the stock’s dividend yield is 10.27% based on the share price of $13.88 per share.
Over the past five years, the average dividend yield has been 9.33% with a low of 7.09% and a high of 10.94%. The current dividend yield is 0.84 standard deviations above the historical average. However, the company has not increased its dividend in the past three years.
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The Guggenheim Active Allocation Fund has 40 funds or institutions reporting positions. This is a decrease of 1 owner(s) or 2.44% in the last quarter. The average portfolio weight of all funds dedicated to GUG is 0.24%, an increase of 17.13%. Total shares owned by institutions increased in the last three months by 12.29% to 9,395K shares.
Bank Of America holds 920K shares, a remarkable increase of 8.63%. However, the firm decreased its portfolio allocation in GUG by 73.73% over the last quarter. Rivernorth Capital Management holds 801K shares, which is an increase of 7.20%, and the firm increased its portfolio allocation in GUG by 18.14% over the last quarter. Nordwand Advisors holds 712K shares, representing an increase of 19.11%, and the firm increased its portfolio allocation in GUG by 68.62% over the last quarter. Cohen & Steers holds 702K shares, a recent increase of 16.21%, and the firm increased its portfolio allocation in GUG by 21.96% over the last quarter. Saba Capital Management holds 665K shares, but the firm decreased its allocation in GUG by 5.50%. However, they have increased their portfolio allocation in GUG by 39.54% over the last quarter.
Guggenheim Investments is the global asset management division of Guggenheim Partners with $259 billion¹ in total assets under management. Its investment professionals conduct market research to understand and invest in complex areas that generate attractive long-term results.
This article originally appeared on Fintel.
The opinions expressed in this article are those of the author and do not necessarily represent the views of Nasdaq, Inc.
