Magnus Financial Group LLC Invests $560,000 in Goldman Sachs Municipal Income ETF $GMUB

Magnus Financial Group LLC acquired a new stake in Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,940 shares of the company’s stock, valued at approximately $560,000. Magnus Financial Group LLC owned about 0.41% of Goldman Sachs Municipal Income ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Sowell Financial Services LLC grew its stake in Goldman Sachs Municipal Income ETF by 54.5% in the 3rd quarter. Sowell Financial Services LLC now owns 68,788 shares of the company’s stock worth $3,500,000 after acquiring an additional 24,269 shares during the period. GoalVest Advisory LLC acquired a new position in Goldman Sachs Municipal Income ETF in the 3rd quarter valued at $7,968,000. HBK Sorce Advisory LLC purchased a new position in shares of Goldman Sachs Municipal Income ETF during the 3rd quarter worth $3,974,000. Betterment LLC purchased a new position in shares of Goldman Sachs Municipal Income ETF during the 2nd quarter worth $26,460,000. Finally, Retirement Planning Group LLC boosted its holdings in shares of Goldman Sachs Municipal Income ETF by 31.2% during the third quarter. Retirement Planning Group LLC now owns 73,192 shares of the company’s stock worth $3,724,000 after purchasing an additional 17,389 shares during the last quarter.

Goldman Sachs Municipal Income ETF Stock Down 0.6%

Shares of NYSEARCA:GMUB opened at $50.99 on Monday. Goldman Sachs Municipal Income ETF has a 52 week low of $44.00 and a 52 week high of $52.23. The business has a fifty day simple moving average of $51.59 and a 200-day simple moving average of $51.22.

Goldman Sachs Municipal Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were paid a $0.1412 dividend. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Monday, March 2nd.

Goldman Sachs Municipal Income ETF Company Profile

The Goldman Sachs Municipal Income ETF (GMUB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that focuses on municipal securities, which are exempt from federal income tax. The fund aims to provide diversified exposure and high current income GMUB was launched on Jul 23, 2024 and is issued by Goldman Sachs.