Magnus Financial Group LLC Boosts Position in Goldman Sachs Dynamic California Municipal Income ETF $GCAL

Magnus Financial Group LLC raised its position in Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) by 271.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,707 shares of the company’s stock after purchasing an additional 12,206 shares during the period. Magnus Financial Group LLC owned about 0.62% of Goldman Sachs Dynamic California Municipal Income ETF worth $850,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Richards Merrill & Peterson Inc. acquired a new position in shares of Goldman Sachs Dynamic California Municipal Income ETF during the 3rd quarter worth $76,000. Planned Solutions Inc. grew its stake in Goldman Sachs Dynamic California Municipal Income ETF by 41.3% in the 3rd quarter. Planned Solutions Inc. now owns 11,206 shares of the company’s stock valued at $568,000 after acquiring an additional 3,273 shares during the last quarter. Weaver Consulting Group increased its holdings in Goldman Sachs Dynamic California Municipal Income ETF by 130.8% during the 3rd quarter. Weaver Consulting Group now owns 20,194 shares of the company’s stock valued at $1,024,000 after acquiring an additional 11,444 shares in the last quarter. Jane Street Group LLC increased its holdings in Goldman Sachs Dynamic California Municipal Income ETF by 234.4% during the 2nd quarter. Jane Street Group LLC now owns 21,986 shares of the company’s stock valued at $1,093,000 after acquiring an additional 15,412 shares in the last quarter. Finally, Perigon Wealth Management LLC purchased a new position in Goldman Sachs Dynamic California Municipal Income ETF during the 3rd quarter valued at about $1,101,000.

Goldman Sachs Dynamic California Municipal Income ETF Stock Performance

Shares of GCAL opened at $50.57 on Monday. Goldman Sachs Dynamic California Municipal Income ETF has a 12-month low of $47.72 and a 12-month high of $51.72. The company has a 50-day moving average of $51.26 and a two-hundred day moving average of $50.98.

Goldman Sachs Dynamic California Municipal Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were given a dividend of $0.1439 per share. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Monday, March 2nd.

About Goldman Sachs Dynamic California Municipal Income ETF

The Goldman Sachs Dynamic California Municipal Income ETF (GCAL) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high level of current income by investing in municipal securities exempt from federal and California state income tax. The actively managed fund mainly holds investment grade bonds with a two- to eight-year duration GCAL was launched on Jul 23, 2024 and is issued by Goldman Sachs.