Guggenheim Strategic Opportunities Fund (NYSE:GOF) Shares Pass Below 50 Day Moving Average of $20.56

Guggenheim Strategic Opportunities Fund (NYSE:GOF)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $20.56 and traded as low as $20.30. Guggenheim Strategic Opportunities Fund shares last traded at $20.32, with a volume of 1,456 shares trading hands.

The stock’s fifty day simple moving average is $20.55 and its 200-day simple moving average is $20.10.

The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a $0.182 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $2.18 dividend on an annualized basis and a yield of 10.74%.

In other Guggenheim Strategic Opportunities Fund news, insider B. Scott Minerd sold 2,000 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $21.09, for a total value of $42,180.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

A number of large investors have recently added to or reduced their stakes in GOF. Bank of America Corp DE lifted its holdings in shares of Guggenheim Strategic Opportunities Fund by 70.0% during the 2nd quarter. Bank of America Corp DE now owns 185,324 shares of the investment management company’s stock worth $3,795,000 after acquiring an additional 76,300 shares during the period. Morgan Stanley lifted its holdings in shares of Guggenheim Strategic Opportunities Fund by 4.2% during the 2nd quarter. Morgan Stanley now owns 1,318,978 shares of the investment management company’s stock worth $27,013,000 after acquiring an additional 52,687 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Guggenheim Strategic Opportunities Fund by 21.9% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 285,725 shares of the investment management company’s stock worth $5,852,000 after acquiring an additional 51,277 shares during the period. Sigma Planning Corp lifted its holdings in shares of Guggenheim Strategic Opportunities Fund by 43.8% during the 2nd quarter. Sigma Planning Corp now owns 83,560 shares of the investment management company’s stock worth $1,711,000 after acquiring an additional 25,448 shares during the period. Finally, Prime Capital Investment Advisors LLC lifted its holdings in shares of Guggenheim Strategic Opportunities Fund by 29.4% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 101,027 shares of the investment management company’s stock worth $2,069,000 after acquiring an additional 22,977 shares during the period.

About Guggenheim Strategic Opportunities Fund (NYSE:GOF)

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.

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