GoalVest Advisory LLC Makes New Investment in Goldman Sachs Dynamic New York Municipal Income ETF $GMNY

GoalVest Advisory LLC acquired a new stake in Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) during the 3rd quarter, Holdings Channel reports. The fund acquired 34,283 shares of the company’s stock, valued at approximately $1,637,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. increased its holdings in Goldman Sachs Dynamic New York Municipal Income ETF by 26.7% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 56,980 shares of the company’s stock worth $2,868,000 after purchasing an additional 12,001 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the second quarter valued at about $220,000. Finally, WNY Asset Management LLC bought a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the first quarter valued at about $496,000.

Goldman Sachs Dynamic New York Municipal Income ETF Stock Up 0.6%

Shares of GMNY stock traded up $0.30 on Friday, hitting $48.16. 16,749 shares of the stock were exchanged, compared to its average volume of 7,280. Goldman Sachs Dynamic New York Municipal Income ETF has a fifty-two week low of $47.38 and a fifty-two week high of $50.86. The business has a 50-day moving average of $49.08 and a 200 day moving average of $49.70.

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.