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

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) shares were down 0.1% during trading on Wednesday . The company traded as low as $50.63 and last traded at $50.77. Approximately 1,565 shares were traded during trading, a decline of 96% from the average daily volume of 42,699 shares. The stock had previously closed at $50.81.

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

The company has a fifty day moving average price of $51.01 and a two-hundred day moving average price of $51.07.

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

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0604 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%.

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

Large investors have recently bought and sold shares of the business. Balboa Wealth Partners purchased a new stake in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF in the third quarter valued at about $227,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF during the third quarter worth about $1,325,000. Jane Street Group LLC increased its position in Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF by 70.1% in 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 during the period. Finally, Goldman Sachs Group Inc. raised its stake in Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF by 62.6% during the 4th 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.

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

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.