First American Trust FSB Purchases New Position in Goldman Sachs Dynamic California Municipal Income ETF $GCAL

First American Trust FSB acquired a new position in shares of Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 51,224 shares of the company’s stock, valued at approximately $2,598,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GCAL. Richards Merrill & Peterson Inc. bought a new position in shares of Goldman Sachs Dynamic California Municipal Income ETF during the third quarter worth approximately $76,000. Magnus Financial Group LLC acquired a new position in Goldman Sachs Dynamic California Municipal Income ETF in the 3rd quarter valued at $228,000. Weaver Consulting Group bought a new position in Goldman Sachs Dynamic California Municipal Income ETF during the 2nd quarter worth $435,000. Planned Solutions Inc. lifted its holdings in shares of Goldman Sachs Dynamic California Municipal Income ETF by 41.3% during the third quarter. Planned Solutions Inc. now owns 11,206 shares of the company’s stock worth $568,000 after buying an additional 3,273 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Goldman Sachs Dynamic California Municipal Income ETF by 234.4% in the second quarter. Jane Street Group LLC now owns 21,986 shares of the company’s stock valued at $1,093,000 after acquiring an additional 15,412 shares during the period.

Goldman Sachs Dynamic California Municipal Income ETF Stock Up 0.1%

NYSEARCA:GCAL opened at $51.59 on Tuesday. Goldman Sachs Dynamic California Municipal Income ETF has a 52 week low of $47.72 and a 52 week high of $51.59. The firm’s 50-day simple moving average is $51.17 and its 200 day simple moving average is $50.79.

Goldman Sachs Dynamic California Municipal Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were given a $0.1546 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, February 2nd.

Goldman Sachs Dynamic California Municipal Income ETF Profile

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