Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) Stock Price Down 0.1% – Here’s Why

Shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) dropped 0.1% during mid-day trading on Wednesday . The company traded as low as $50.63 and last traded at $50.77. Approximately 1,565 shares traded hands during trading, a decline of 96% from the average daily volume of 42,699 shares. The stock had previously closed at $50.81.

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF Stock Down 0.1%

The company has a 50 day simple moving average of $51.01 and a 200-day simple moving average of $51.08.

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

The company also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were issued a dividend of $0.0604 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%.

Institutional Investors Weigh In On Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC boosted its position in 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 during the last quarter. Balboa Wealth Partners bought a new stake in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF in the third quarter worth $227,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF in the third quarter worth $1,325,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF by 62.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,575,600 shares of the company’s stock worth $181,032,000 after purchasing an additional 1,376,800 shares during the last quarter.

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

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.