Guggenheim Enhanced Equity Income Fund (GPM) Reaches New 52-Week High After Dividend Announcement

Shares of Guggenheim Enhanced Equity Income Fund (NYSE:GPM) reached a new 52-week high on Tuesday following a dividend announcement from the company. The company traded as high as $8.90 and last traded at $8.82, with a volume of 338800 shares traded. The stock had previously closed at $8.72.

The newly announced dividend which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 10.74%. The ex-dividend date of this dividend is Thursday, December 14th.

A number of hedge funds have recently made changes to their positions in GPM. Private Advisor Group LLC lifted its stake in Guggenheim Enhanced Equity Income Fund by 10.8% in the second quarter. Private Advisor Group LLC now owns 12,122 shares of the investment management company’s stock worth $100,000 after acquiring an additional 1,179 shares during the period. Concert Wealth Management Inc. purchased a new stake in Guggenheim Enhanced Equity Income Fund in the second quarter worth $145,000. Girard Partners LTD. purchased a new stake in Guggenheim Enhanced Equity Income Fund in the second quarter worth $277,000. Janney Montgomery Scott LLC lifted its stake in Guggenheim Enhanced Equity Income Fund by 29.2% in the second quarter. Janney Montgomery Scott LLC now owns 41,055 shares of the investment management company’s stock worth $340,000 after acquiring an additional 9,283 shares during the period. Finally, Doliver Capital Advisors LP lifted its stake in Guggenheim Enhanced Equity Income Fund by 185.7% in the second quarter. Doliver Capital Advisors LP now owns 44,227 shares of the investment management company’s stock worth $366,000 after acquiring an additional 28,746 shares during the period.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.chaffeybreeze.com/2017/12/07/guggenheim-enhanced-equity-income-fund-gpm-reaches-new-52-week-high-after-dividend-announcement.html.

Guggenheim Enhanced Equity Income Fund Company Profile

Guggenheim Enhanced Equity Income Fund is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek to provide a high level of current income and current gains, with a secondary objective of long-term capital appreciation. The Fund seeks to achieve its investment objective by obtaining exposure to the equity markets and utilizing a covered call strategy, which will follow a rules-based methodology.

Receive News & Ratings for Guggenheim Enhanced Equity Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guggenheim Enhanced Equity Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply