Pineridge Advisors LLC Invests $2.12 Million in Goldman Sachs Municipal Income ETF $GMUB

Pineridge Advisors LLC acquired a new position in Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 41,575 shares of the company’s stock, valued at approximately $2,115,000. Goldman Sachs Municipal Income ETF accounts for approximately 0.6% of Pineridge Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Pineridge Advisors LLC owned 1.81% of Goldman Sachs Municipal Income ETF as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GMUB. Betterment LLC bought a new position in Goldman Sachs Municipal Income ETF in the second quarter worth approximately $26,460,000. GoalVest Advisory LLC acquired a new stake in Goldman Sachs Municipal Income ETF during the 3rd quarter worth about $7,968,000. Goldman Sachs Group Inc. raised its position in Goldman Sachs Municipal Income ETF by 39.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 121,288 shares of the company’s stock worth $6,031,000 after buying an additional 34,403 shares during the last quarter. Pinion Investment Advisors LLC acquired a new position in Goldman Sachs Municipal Income ETF during the third quarter valued at $4,077,000. Finally, HBK Sorce Advisory LLC acquired a new position in shares of Goldman Sachs Municipal Income ETF in the 3rd quarter valued at about $3,974,000.

Goldman Sachs Municipal Income ETF Stock Performance

NYSEARCA:GMUB opened at $51.58 on Monday. Goldman Sachs Municipal Income ETF has a 52 week low of $44.00 and a 52 week high of $51.96. The stock’s 50-day moving average price is $51.24 and its 200-day moving average price is $50.78.

Goldman Sachs Municipal Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 6th. Investors of record on Monday, February 2nd will be issued a $0.145 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%.

Goldman Sachs Municipal Income ETF Company Profile

The Goldman Sachs Municipal Income ETF (GMUB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that focuses on municipal securities, which are exempt from federal income tax. The fund aims to provide diversified exposure and high current income GMUB was launched on Jul 23, 2024 and is issued by Goldman Sachs.