Guggenheim Enhanced Equity Income Fund (NYSE:GPM) Stock Passes Below 50-Day Moving Average of $7.80

Guggenheim Enhanced Equity Income Fund (NYSE:GPM)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $7.80 and traded as low as $7.62. Guggenheim Enhanced Equity Income Fund shares last traded at $7.64, with a volume of 1,600 shares changing hands.

The company’s fifty day simple moving average is $7.79 and its two-hundred day simple moving average is $7.92.

The business also recently declared a — dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a yield of 12%.

A number of institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley raised its holdings in Guggenheim Enhanced Equity Income Fund by 2.1% in the 2nd quarter. Morgan Stanley now owns 1,905,140 shares of the investment management company’s stock valued at $15,488,000 after acquiring an additional 39,398 shares during the period. Royal Bank of Canada grew its position in shares of Guggenheim Enhanced Equity Income Fund by 2.4% during the 2nd quarter. Royal Bank of Canada now owns 490,337 shares of the investment management company’s stock worth $3,986,000 after purchasing an additional 11,536 shares in the last quarter. Bank of America Corp DE grew its position in shares of Guggenheim Enhanced Equity Income Fund by 12.8% during the 2nd quarter. Bank of America Corp DE now owns 315,373 shares of the investment management company’s stock worth $2,564,000 after purchasing an additional 35,843 shares in the last quarter. LPL Financial LLC grew its position in shares of Guggenheim Enhanced Equity Income Fund by 52.0% during the 2nd quarter. LPL Financial LLC now owns 137,441 shares of the investment management company’s stock worth $1,117,000 after purchasing an additional 47,002 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in shares of Guggenheim Enhanced Equity Income Fund by 11.7% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 93,660 shares of the investment management company’s stock worth $762,000 after purchasing an additional 9,777 shares in the last quarter.

About Guggenheim Enhanced Equity Income Fund (NYSE:GPM)

Guggenheim Enhanced Equity Income Fund is a closed ended equity mutual fund launched and managed by Guggenheim Partners Investment Management, LLC. It is co-managed by Guggenheim Funds Investment Advisors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.

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