Guggenheim Strategic Opportunities Fund (NYSE:GOF) Shares Pass Above 50 Day Moving Average – Should You Sell?

Guggenheim Strategic Opportunities Fund (NYSE:GOF)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $14.97 and traded as high as $15.02. Guggenheim Strategic Opportunities Fund shares last traded at $14.89, with a volume of 1,957,494 shares.

Guggenheim Strategic Opportunities Fund Stock Down 0.6%

The stock has a fifty day simple moving average of $14.97 and a 200 day simple moving average of $14.80.

Guggenheim Strategic Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a $0.1821 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 14.7%.

Institutional Trading of Guggenheim Strategic Opportunities Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Iron Horse Wealth Management LLC bought a new stake in shares of Guggenheim Strategic Opportunities Fund in the second quarter worth $30,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Guggenheim Strategic Opportunities Fund in the second quarter worth $33,000. Garde Capital Inc. bought a new stake in shares of Guggenheim Strategic Opportunities Fund in the first quarter worth $35,000. PSI Advisors LLC grew its holdings in shares of Guggenheim Strategic Opportunities Fund by 56.6% in the first quarter. PSI Advisors LLC now owns 2,270 shares of the investment management company’s stock worth $35,000 after acquiring an additional 820 shares during the period. Finally, Pin Oak Investment Advisors Inc. grew its holdings in shares of Guggenheim Strategic Opportunities Fund by 31.6% in the first quarter. Pin Oak Investment Advisors Inc. now owns 3,016 shares of the investment management company’s stock worth $48,000 after acquiring an additional 724 shares during the period.

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.