Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) Trading Up 0.1% – Here’s What Happened

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF)’s share price shot up 0.1% during mid-day trading on Wednesday . The company traded as high as $50.69 and last traded at $50.70. 51 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 12,627 shares. The stock had previously closed at $50.63.

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

The company has a 50 day simple moving average of $51.13 and a 200 day simple moving average of $50.75.

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

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, December 1st will be given a dividend of $0.1913 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Monday, December 1st.

Institutional Trading of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF

Hedge funds have recently added to or reduced their stakes in the stock. Balboa Wealth Partners bought a new stake in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF during the third quarter worth $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 in the 3rd quarter valued at $1,325,000. Finally, Jane Street Group LLC boosted its holdings 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 valued at $1,963,000 after acquiring an additional 16,033 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.