Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) Trading 0.1% Higher – Should You Buy?

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) shares traded up 0.1% on Friday . The stock traded as high as $50.55 and last traded at $50.54. 330 shares were traded during trading, a decline of 99% from the average session volume of 29,547 shares. The stock had previously closed at $50.49.

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

The firm’s 50 day moving average price is $50.48 and its two-hundred day moving average price is $50.80.

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

The firm also recently declared a monthly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.311 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 7.4%. This is an increase from Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF’s previous monthly dividend of $0.06.

Hedge Funds Weigh In On Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF

Several hedge funds have recently made changes to their positions in GPRF. Jane Street Group LLC grew its stake in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF by 70.1% during the 2nd quarter. Jane Street Group LLC now owns 38,895 shares of the company’s stock worth $1,963,000 after acquiring an additional 16,033 shares in the last quarter. Balboa Wealth Partners bought a new position in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF during the 3rd quarter worth approximately $227,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF during the 3rd quarter worth approximately $1,325,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF by 62.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,575,600 shares of the company’s stock worth $181,032,000 after acquiring an additional 1,376,800 shares in the last quarter.

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.