November 21, 2016 - By Pete Kolinski · 0 Comments
Guggenheim Credit Allocation Fund (NYSE:GGM) institutional sentiment decreased to 1.33 in Q2 2016. Its down -0.07, from 1.4 in 2016Q1. The ratio worsened, as 7 active investment managers started new or increased positions, while 5 reduced and sold their positions in Guggenheim Credit Allocation Fund. The active investment managers in our partner’s database now hold: 327,466 shares, up from 278,940 shares in 2016Q1. Also, the number of active investment managers holding Guggenheim Credit Allocation Fund in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 4 Increased: 7 New Position: 0.
Guggenheim Credit Allocation Fund is a diversified, closed-end management investment company. The company has a market cap of $135.48 million. The Fund’s investment objective is to seek total return through a combination of current income and capital appreciation. It currently has negative earnings. It invests approximately 80% of its net assets, plus the amount of any borrowings for investment purposes, in fixed income securities, debt securities, loans and investments with economic characteristics similar to fixed-income securities, debt securities and loans.
The stock decreased 0.24% or $0.05 on November 18, hitting $20.43. Guggenheim Credit Allocation Fund (NYSE:GGM) has risen 7.53% since April 19, 2016 and is uptrending. It has outperformed by 3.67% the S&P500.
Sigma Planning Corp holds 0.12% of its portfolio in Guggenheim Credit Allocation Fund for 44,678 shares. Bb&T Securities Llc owns 57,800 shares or 0.02% of their US portfolio. Moreover, Bessemer Group Inc has 0.01% invested in the company for 93,441 shares. The Illinois-based Hightower Advisors Llc has invested 0.01% in the stock. Bank Of America Corp De, a North Carolina-based fund reported 11,135 shares.#img1#
More notable recent Guggenheim Credit Allocation Fund (NYSE:GGM) news were published by: Globenewswire.com which released: “Guggenheim Investments Announces September 2016 Closed-End Fund Distributions” on September 01, 2016, also Globenewswire.com with their article: “Guggenheim Investments Announces November 2015 Closed-End Fund Distributions” published on November 02, 2015, Investmentnews.com published: “Guggenheim’s fixed-income shop shaping up to be next bond kingdom” on September 25, 2015. More interesting news about Guggenheim Credit Allocation Fund (NYSE:GGM) were released by: Investmentnews.com and their article: “Guggenheim bond shop outperforms by taking fearless advantage of Fed policy” published on November 01, 2016 as well as Forbes.com‘s news article titled: “Guggenheim Calls Bernanke’s Bluff In The Search For Yield” with publication date: July 24, 2013.
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By Pete Kolinski