November 17, 2016 - By Richard Conner · 0 Comments
Guggenheim Enhanced Equity Strategy Fund (NYSE:GGE) institutional sentiment decreased to 0.46 in 2016 Q2. Its down -1.04, from 1.5 in 2016Q1. The ratio has dropped, as 6 hedge funds started new or increased positions, while 13 reduced and sold stock positions in Guggenheim Enhanced Equity Strategy Fund. The hedge funds in our partner’s database now own: 794,874 shares, down from 901,338 shares in 2016Q1. Also, the number of hedge funds holding Guggenheim Enhanced Equity Strategy Fund in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 7 Increased: 5 New Position: 1.
Guggenheim Enhanced Equity Strategy Fund is a non-diversified, closed-end management investment company. The company has a market cap of $76.46 million. The Fund’s primary investment objective is to provide a high level of current income, with a secondary objective of capital appreciation. It currently has negative earnings. The Fund invests over 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities.
It is down 1.10% since April 15, 2016 and is downtrending. It has underperformed by 5.72% the S&P500.
Shaker Financial Services Llc holds 0.62% of its portfolio in Guggenheim Enhanced Equity Strategy Fund for 58,353 shares. Blue Bell Private Wealth Management Llc owns 58,084 shares or 0.58% of their US portfolio. Moreover, Thomas J. Herzfeld Advisors Inc. has 0.52% invested in the company for 63,288 shares. The Michigan-based Telemus Capital Llc has invested 0.07% in the stock. Css Llc Il, a Illinois-based fund reported 46,211 shares.#img1#
More notable recent Guggenheim Enhanced Equity Strategy Fund (NYSE:GGE) news were published by: Seekingalpha.com which released: “Guggenheim Enhanced Equity Strategy: A Buy/Write Fund That Does Its Job” on January 16, 2013, also Globenewswire.com with their article: “Guggenheim Investments Announces Board Approval of the Mergers of Certain …” published on August 31, 2016, Globenewswire.com published: “Guggenheim Investments Announces November 2015 Closed-End Fund Distributions” on November 02, 2015. More interesting news about Guggenheim Enhanced Equity Strategy Fund (NYSE:GGE) were released by: Etfdailynews.com and their article: “Guggenheim Investments Announces Appointment Of A New Trustee and Election of …” published on May 31, 2012 as well as Seekingalpha.com‘s news article titled: “New additions to Wells’ CEFs to avoid” with publication date: January 28, 2014.
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By Richard Conner