Goldman Sachs MLP and Energy Renaissance Fund (NYSE:GER) Shares Cross Above Fifty Day Moving Average of $13.51

Goldman Sachs MLP and Energy Renaissance Fund (NYSE:GER – Get Rating)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $13.51 and traded as high as $13.68. Goldman Sachs MLP and Energy Renaissance Fund shares last traded at $13.41, with a volume of 93,558 shares trading hands.

Goldman Sachs MLP and Energy Renaissance Fund Stock Down 1.1 %

The stock has a 50 day moving average of $13.51 and a two-hundred day moving average of $13.20.

Goldman Sachs MLP and Energy Renaissance Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Wednesday, February 22nd were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, February 21st. This is an increase from Goldman Sachs MLP and Energy Renaissance Fund’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.56%.

Insider Activity at Goldman Sachs MLP and Energy Renaissance Fund

In other news, major shareholder Saba Capital Management, L.P. acquired 16,597 shares of Goldman Sachs MLP and Energy Renaissance Fund stock in a transaction that occurred on Wednesday, February 22nd. The stock was purchased at an average cost of $13.32 per share, with a total value of $221,072.04. Following the completion of the acquisition, the insider now owns 1,590,659 shares in the company, valued at approximately $21,187,577.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge Funds Weigh In On Goldman Sachs MLP and Energy Renaissance Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cerity Partners LLC acquired a new position in Goldman Sachs MLP and Energy Renaissance Fund during the fourth quarter worth $202,000. Morgan Stanley raised its holdings in Goldman Sachs MLP and Energy Renaissance Fund by 2.4% during the fourth quarter. Morgan Stanley now owns 529,408 shares of the investment management company’s stock worth $6,766,000 after purchasing an additional 12,498 shares during the last quarter. Almitas Capital LLC raised its holdings in Goldman Sachs MLP and Energy Renaissance Fund by 248.9% during the fourth quarter. Almitas Capital LLC now owns 133,984 shares of the investment management company’s stock worth $1,712,000 after purchasing an additional 95,587 shares during the last quarter. Susquehanna International Group LLP acquired a new position in shares of Goldman Sachs MLP and Energy Renaissance Fund in the fourth quarter worth $731,000. Finally, RPO LLC acquired a new position in shares of Goldman Sachs MLP and Energy Renaissance Fund in the fourth quarter worth $266,000.

About Goldman Sachs MLP and Energy Renaissance Fund

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Goldman Sachs MLP & Energy Renaissance Fund operates as a closed-end investment fund/investment trust. Its investment objective is to seek a high level of total return with an emphasis on current distributions to shareholders. The company was founded on July 7, 2014 and is headquartered in New York, NY.