Guggenheim Strategic Opportunities Fund (NYSE:GOF) Stock Passes Above 50 Day Moving Average of $14.65

Guggenheim Strategic Opportunities Fund (NYSE:GOF)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $14.65 and traded as high as $14.93. Guggenheim Strategic Opportunities Fund shares last traded at $14.92, with a volume of 845,925 shares changing hands.

Guggenheim Strategic Opportunities Fund Stock Performance

The firm’s fifty day moving average price is $14.65 and its 200 day moving average price is $14.12.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.182 per share. This represents a $2.18 annualized dividend and a dividend yield of 14.65%. The ex-dividend date was Friday, June 14th.

Hedge Funds Weigh In On Guggenheim Strategic Opportunities Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its stake in shares of Guggenheim Strategic Opportunities Fund by 5.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 16,567 shares of the investment management company’s stock valued at $245,000 after purchasing an additional 888 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Guggenheim Strategic Opportunities Fund by 9.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 363,239 shares of the investment management company’s stock valued at $5,372,000 after purchasing an additional 32,323 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Guggenheim Strategic Opportunities Fund by 22.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 139,682 shares of the investment management company’s stock valued at $2,066,000 after purchasing an additional 26,057 shares during the last quarter. Capital Market Strategies LLC lifted its stake in shares of Guggenheim Strategic Opportunities Fund by 19.9% in the 4th quarter. Capital Market Strategies LLC now owns 34,242 shares of the investment management company’s stock valued at $438,000 after purchasing an additional 5,679 shares during the last quarter. Finally, Capital CS Group LLC acquired a new stake in shares of Guggenheim Strategic Opportunities Fund in the 4th quarter valued at $137,000.

About Guggenheim Strategic Opportunities Fund

Guggenheim Strategic Opportunities Fund is a closed-ended balanced mutual fund launched and managed by Guggenheim Funds Investment Advisors, LLC. The fund is co-managed by Guggenheim Partners Investment Management LLC. It invests in public equity and fixed income markets across the globe. For its equity portion, the fund invests directly and through derivatives such as writing covered call and put options to invest in the stocks of companies operating across diversified sectors.