Cornerstone Wealth Management LLC Purchases 15,045 Shares of Goldman Sachs Dynamic California Municipal Income ETF $GCAL

Cornerstone Wealth Management LLC purchased a new stake in shares of Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 15,045 shares of the company’s stock, valued at approximately $730,000.

A number of other hedge funds and other institutional investors have also modified their holdings of GCAL. Farther Finance Advisors LLC acquired a new stake in Goldman Sachs Dynamic California Municipal Income ETF in the third quarter worth about $48,000. Contango Wealth Management LLC increased its stake in Goldman Sachs Dynamic California Municipal Income ETF by 25.0% during the 1st quarter. Contango Wealth Management LLC now owns 7,569 shares of the company’s stock valued at $383,000 after buying an additional 1,515 shares during the period. Richards Merrill & Peterson Inc. bought a new stake in shares of Goldman Sachs Dynamic California Municipal Income ETF during the 3rd quarter worth about $85,000. Robertson Stephens Wealth Management LLC raised its position in shares of Goldman Sachs Dynamic California Municipal Income ETF by 16.2% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 12,932 shares of the company’s stock worth $627,000 after buying an additional 1,800 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Goldman Sachs Dynamic California Municipal Income ETF in the 1st quarter worth approximately $99,000.

Goldman Sachs Dynamic California Municipal Income ETF Trading Down 0.2%

Goldman Sachs Dynamic California Municipal Income ETF stock opened at $49.72 on Friday. The firm has a 50 day simple moving average of $49.25 and a 200-day simple moving average of $50.48. Goldman Sachs Dynamic California Municipal Income ETF has a 12-month low of $48.00 and a 12-month high of $52.09.

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.