JPMorgan Chase & Co. Purchases New Position in Goldman Sachs Municipal Income ETF $GMUB

JPMorgan Chase & Co. acquired a new position in Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 37,459 shares of the company’s stock, valued at approximately $1,906,000. JPMorgan Chase & Co. owned about 1.63% of Goldman Sachs Municipal Income ETF at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. WealthPlan Investment Management LLC bought a new stake in Goldman Sachs Municipal Income ETF in the third quarter worth about $220,000. First American Trust FSB bought a new stake in Goldman Sachs Municipal Income ETF in the third quarter worth about $411,000. Capital Advisors Wealth Management LLC bought a new stake in Goldman Sachs Municipal Income ETF in the third quarter worth about $841,000. Retirement Planning Group LLC lifted its stake in Goldman Sachs Municipal Income ETF by 31.2% in 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. Finally, Sowell Financial Services LLC lifted its stake in Goldman Sachs Municipal Income ETF by 54.5% in the third quarter. Sowell Financial Services LLC now owns 68,788 shares of the company’s stock worth $3,500,000 after purchasing an additional 24,269 shares during the last quarter.

Goldman Sachs Municipal Income ETF Price Performance

Shares of NYSEARCA GMUB opened at $51.01 on Wednesday. Goldman Sachs Municipal Income ETF has a 1 year low of $45.04 and a 1 year high of $52.23. The firm has a 50-day simple moving average of $51.46 and a two-hundred day simple moving average of $51.24.

Goldman Sachs Municipal Income ETF Cuts Dividend

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

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.