Goldman Sachs Municipal Income ETF $GMUB Shares Bought by Betterment LLC

Betterment LLC grew its holdings in shares of Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) by 46.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 775,892 shares of the company’s stock after purchasing an additional 245,844 shares during the period. Betterment LLC owned about 33.73% of Goldman Sachs Municipal Income ETF worth $39,477,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Sowell Financial Services LLC grew its holdings in shares of 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 valued at $3,500,000 after purchasing an additional 24,269 shares in the last quarter. GoalVest Advisory LLC acquired a new stake in Goldman Sachs Municipal Income ETF during the 3rd quarter worth approximately $7,968,000. HBK Sorce Advisory LLC acquired a new stake in Goldman Sachs Municipal Income ETF during the 3rd quarter worth approximately $3,974,000. Pineridge Advisors LLC purchased a new position in Goldman Sachs Municipal Income ETF in the 3rd quarter valued at approximately $2,115,000. Finally, Retirement Planning Group LLC boosted its position in Goldman Sachs Municipal Income ETF by 31.2% in the 3rd quarter. Retirement Planning Group LLC now owns 73,192 shares of the company’s stock valued at $3,724,000 after buying an additional 17,389 shares during the period.

Goldman Sachs Municipal Income ETF Stock Performance

NYSEARCA:GMUB opened at $51.35 on Friday. Goldman Sachs Municipal Income ETF has a 52 week low of $44.00 and a 52 week high of $52.23. The company has a fifty day simple moving average of $51.59 and a two-hundred day simple moving average of $51.15.

Goldman Sachs Municipal Income ETF Cuts Dividend

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

Goldman Sachs Municipal Income ETF 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.