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

Shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) fell 0.1% during trading on Wednesday . The stock traded as low as $50.00 and last traded at $50.07. 460 shares changed hands during trading, a decline of 98% from the average session volume of 22,493 shares. The stock had previously closed at $50.10.

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

The company’s 50-day simple moving average is $50.18 and its 200 day simple moving average is $50.62.

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

The business also recently disclosed a dividend, which will be paid on Friday, June 5th. Shareholders of record on Monday, June 1st will be given a dividend of $0.212 per share. The ex-dividend date is Monday, June 1st.

Institutional Investors Weigh In On Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV raised its position in Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF by 82.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 47,090 shares of the company’s stock valued at $2,384,000 after purchasing an additional 21,337 shares during the period. Jane Street Group LLC raised its position in Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF by 79.7% during the fourth quarter. Jane Street Group LLC now owns 46,432 shares of the company’s stock valued at $2,351,000 after purchasing an additional 20,593 shares during the period. Balboa Wealth Partners increased its position in Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF by 11.7% during the first quarter. Balboa Wealth Partners now owns 4,739 shares of the company’s stock valued at $236,000 after acquiring an additional 495 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF by 62.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,575,600 shares of the company’s stock valued at $181,032,000 after acquiring an additional 1,376,800 shares during 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.