Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) Shares Up 0.1% – What’s Next?

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) traded up 0.1% during mid-day trading on Tuesday . The stock traded as high as $50.85 and last traded at $50.85. 351 shares were traded during mid-day trading, a decline of 97% from the average session volume of 11,919 shares. The stock had previously closed at $50.82.

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF Stock Performance

The business’s fifty day moving average price is $50.92 and its 200 day moving average price is $50.89.

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, December 5th. Investors of record on Monday, December 1st were issued a $0.1913 dividend. The ex-dividend date was Monday, December 1st. This represents a c) annualized dividend and a yield of 4.5%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Balboa Wealth Partners bought a new position in Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF in the third quarter worth approximately $227,000. Jane Street Group LLC grew its holdings in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF by 70.1% during the second quarter. Jane Street Group LLC now owns 38,895 shares of the company’s stock valued at $1,963,000 after buying an additional 16,033 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF during the third quarter worth about $1,325,000.

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF Company Profile

The Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks to track an index of broad US preferred stock and hybrid securities. The fund aims to provide high monthly income, with lower correlation to interest rates, relative to other asset classes GPRF was launched on Jul 30, 2024 and is issued by Goldman Sachs.