Rivernorth Capital Management LLC lowered its stake in shares of Goldman Sachs MLP and Energy Renassnc Fd (NYSE:GER) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,021,466 shares of the investment management company’s stock after selling 21,395 shares during the period. Goldman Sachs MLP and Energy Renassnc Fd accounts for approximately 0.7% of Rivernorth Capital Management LLC’s portfolio, making the stock its 22nd largest holding. Rivernorth Capital Management LLC’s holdings in Goldman Sachs MLP and Energy Renassnc Fd were worth $16,859,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GER. Stephens Inc. AR purchased a new stake in shares of Goldman Sachs MLP and Energy Renassnc Fd in the first quarter worth $333,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Goldman Sachs MLP and Energy Renassnc Fd by 3.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 138,822 shares of the investment management company’s stock worth $768,000 after buying an additional 4,589 shares in the last quarter. Ellis Investment Partners LLC raised its position in shares of Goldman Sachs MLP and Energy Renassnc Fd by 26.2% in the second quarter. Ellis Investment Partners LLC now owns 479,231 shares of the investment management company’s stock worth $2,549,000 after buying an additional 99,582 shares in the last quarter. Doliver Advisors LP purchased a new stake in shares of Goldman Sachs MLP and Energy Renassnc Fd in the second quarter worth $408,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Goldman Sachs MLP and Energy Renassnc Fd in the second quarter worth $27,000.

Shares of GER stock traded up $0.01 on Friday, reaching $5.04. The company’s stock had a trading volume of 14,244 shares, compared to its average volume of 301,431. Goldman Sachs MLP and Energy Renassnc Fd has a 12-month low of $3.88 and a 12-month high of $6.66. The stock’s 50 day simple moving average is $4.85 and its 200-day simple moving average is $5.28.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 21st were given a $0.16 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 12.70%.

About Goldman Sachs MLP and Energy Renassnc Fd

Goldman Sachs MLP and Energy Renaissance Fund is a closed-ended equity mutual fund launched and managed by Goldman Sachs Asset Management, L.P. The fund invests in public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector. The fund primarily invests in growth stocks of Master Limited Partnerships and related energy companies across all market capitalizations, with a focus on midstream MLP investments.

Further Reading: Cost of Debt

Institutional Ownership by Quarter for Goldman Sachs MLP and Energy Renassnc Fd (NYSE:GER)

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