November 18, 2016 - By Linda Rogers · 0 Comments
Guggenheim Equal Weight Enhanced Equity Income Fund (NYSE:GEQ) institutional sentiment increased to 1.33 in Q2 2016. Its up 0.33, from 1 in 2016Q1. The ratio has improved, as 12 investment managers opened new and increased holdings, while 12 cut down and sold stock positions in Guggenheim Equal Weight Enhanced Equity Income Fund. The investment managers in our partner’s database reported: 1.38 million shares, down from 1.41 million shares in 2016Q1. Also, the number of investment managers holding Guggenheim Equal Weight Enhanced Equity Income Fund in their top 10 holdings increased from 0 to 1 for an increase of 1. Sold All: 6 Reduced: 6 Increased: 10 New Position: 2.
Guggenheim Equal Weight Enhanced Equity Income Fund is a diversified, closed-end management investment company. The company has a market cap of $142.05 million. The Fund’s investment objective is to provide a high level of risk-adjusted total return with an emphasis on current income. It currently has negative earnings. It invests substantially all of its managed assets in a portfolio of common stocks included in the S&P 500 Equal Weight Index in equal weight and/or other securities or financial instruments that are intended to correlate with or replicate exposure to the Index.
The stock increased 0.56% or $0.09 on November 17, hitting $16.28. Guggenheim Equal Weight Enhanced (NYSE:GEQ) has risen 2.20% since April 18, 2016 and is uptrending. It has underperformed by 2.23% the S&P500.
Shaker Financial Services Llc holds 2.45% of its portfolio in Guggenheim Equal Weight Enhanced for 213,705 shares. Blue Bell Private Wealth Management Llc owns 82,731 shares or 0.88% of their US portfolio. Moreover, Doliver Capital Advisors Inc. has 0.22% invested in the company for 15,822 shares. The Missouri-based Benjamin F. Edwards & Company Inc. has invested 0.03% in the stock. Wolverine Asset Management Llc, a Illinois-based fund reported 110,227 shares.#img1#
More notable recent Guggenheim Equal Weight Enhanced (NYSE:GEQ) news were published by: Globenewswire.com which released: “Guggenheim Investments Announces Board Approval of the Mergers of Certain …” on August 31, 2016, also Etfdailynews.com with their article: “Guggenheim Investments Announces Appointment Of A New Trustee and Election of …” published on May 31, 2012, Seekingalpha.com published: “Ho Ho Ho, Merry Brexit: CEFs On Sale” on June 27, 2016. More interesting news about Guggenheim Equal Weight Enhanced (NYSE:GEQ) were released by: Seekingalpha.com and their article: “Guggenheim’s RSP: Equal Weight Or Dead Weight?” published on November 26, 2014 as well as Etftrends.com‘s news article titled: “Why Equal Weight ETFs Outperform Traditional Benchmarks” with publication date: October 22, 2013.
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By Linda Rogers