Magnus Financial Group LLC Has $4.55 Million Stock Holdings in Goldman Sachs Dynamic New York Municipal Income ETF $GMNY

Magnus Financial Group LLC increased its holdings in Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) by 515.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,010 shares of the company’s stock after acquiring an additional 76,227 shares during the period. Magnus Financial Group LLC owned about 18.20% of Goldman Sachs Dynamic New York Municipal Income ETF worth $4,546,000 at the end of the most recent reporting period.

Separately, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the 3rd quarter valued at about $296,000.

Goldman Sachs Dynamic New York Municipal Income ETF Price Performance

NYSEARCA GMNY opened at $49.62 on Friday. Goldman Sachs Dynamic New York Municipal Income ETF has a 52-week low of $47.36 and a 52-week high of $50.86. The company has a 50 day simple moving average of $50.32 and a 200-day simple moving average of $50.03.

Goldman Sachs Dynamic New York Municipal Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were issued a $0.1346 dividend. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date was Monday, March 2nd.

About Goldman Sachs Dynamic New York Municipal Income ETF

The Goldman Sachs Dynamic New York Municipal Income ETF (GMNY) 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 New York state income tax. The actively managed fund mainly holds investment grade bonds with a two- to eight-year duration. GMNY was launched on Jul 23, 2024 and is issued by Goldman Sachs.