HighTower Advisors LLC Makes New $2.92 Million Investment in Goldman Sachs Ultra Short Municipal Income ETF $GUMI

HighTower Advisors LLC purchased a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 58,064 shares of the company’s stock, valued at approximately $2,919,000. HighTower Advisors LLC owned approximately 9.68% of Goldman Sachs Ultra Short Municipal Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its position in Goldman Sachs Ultra Short Municipal Income ETF by 47.1% during the first quarter. Goldman Sachs Group Inc. now owns 125,000 shares of the company’s stock worth $6,276,000 after buying an additional 40,000 shares in the last quarter. Betterment LLC purchased a new position in Goldman Sachs Ultra Short Municipal Income ETF during the third quarter worth $1,711,000. Jane Street Group LLC increased its position in Goldman Sachs Ultra Short Municipal Income ETF by 10.9% during the first quarter. Jane Street Group LLC now owns 28,061 shares of the company’s stock worth $1,409,000 after buying an additional 2,767 shares in the last quarter. Keebeck Wealth Management purchased a new position in Goldman Sachs Ultra Short Municipal Income ETF during the third quarter worth $401,000. Finally, Citadel Advisors LLC increased its position in Goldman Sachs Ultra Short Municipal Income ETF by 5.8% during the third quarter. Citadel Advisors LLC now owns 5,260 shares of the company’s stock worth $265,000 after buying an additional 289 shares in the last quarter.

Goldman Sachs Ultra Short Municipal Income ETF Price Performance

Goldman Sachs Ultra Short Municipal Income ETF stock opened at $50.34 on Friday. The stock has a fifty day moving average of $50.34 and a two-hundred day moving average of $50.34. Goldman Sachs Ultra Short Municipal Income ETF has a fifty-two week low of $50.07 and a fifty-two week high of $51.00.

About Goldman Sachs Ultra Short Municipal Income ETF

The Goldman Sachs Ultra Short Municipal Income ETF (GUMI) is an exchange-traded fund that mostly invests in investment grade 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 maintain an average portfolio duration of .5 years (about 6 months) GUMI was launched on Jul 23, 2024 and is issued by Goldman Sachs.