Verus Capital Partners LLC Acquires New Stake in Goldman Sachs Municipal Income ETF $GMUB

Verus Capital Partners LLC bought a new stake in Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 28,195 shares of the company’s stock, valued at approximately $1,376,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Heartwood Wealth Advisors LLC grew its position in shares of Goldman Sachs Municipal Income ETF by 0.8% during the third quarter. Heartwood Wealth Advisors LLC now owns 501,612 shares of the company’s stock worth $24,479,000 after buying an additional 4,054 shares in the last quarter. GoalVest Advisory LLC raised its holdings in Goldman Sachs Municipal Income ETF by 13.4% in the second quarter. GoalVest Advisory LLC now owns 348,570 shares of the company’s stock valued at $17,930,000 after acquiring an additional 41,230 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Goldman Sachs Municipal Income ETF by 8.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 288,016 shares of the company’s stock valued at $14,816,000 after acquiring an additional 23,415 shares during the last quarter. Peak Financial Advisors LLC bought a new position in Goldman Sachs Municipal Income ETF during the 3rd quarter valued at $12,569,000. Finally, Capital Advisors Wealth Management LLC boosted its stake in Goldman Sachs Municipal Income ETF by 12.5% during the 3rd quarter. Capital Advisors Wealth Management LLC now owns 179,717 shares of the company’s stock valued at $8,770,000 after acquiring an additional 20,027 shares during the last quarter.

Goldman Sachs Municipal Income ETF Price Performance

Shares of GMUB stock opened at $50.58 on Monday. The firm has a fifty day moving average of $49.66 and a two-hundred day moving average of $50.84. Goldman Sachs Municipal Income ETF has a 1-year low of $48.38 and a 1-year high of $52.23.

Goldman Sachs Municipal Income ETF 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.