Ownership Action To Observe: Guggenheim Credit Allocation Fund (NYSE:GGM) Sentiment Up, Because Uptrend

November 21, 2016 - By Pete Kolinski   ·   0 Comments

Ownership Action To Observe: Guggenheim Credit Allocation Fund (NYSE:GGM) Sentiment  Up,  Because Uptrend

Sentiment for Guggenheim Credit Allocation Fund (NYSE:GGM)

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Pete Kolinski

Readers Comments (0)

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:

Recent Market News