Shares of Goldman Sachs MLP and Energy Renassnc Fd (NYSE:GER) shot up 5.2% during trading on Monday . The stock traded as high as $4.10 and last traded at $4.07, 1,154,521 shares changed hands during trading. An increase of 242% from the average session volume of 338,055 shares. The stock had previously closed at $3.87.
The stock has a 50 day moving average of $4.31 and a 200 day moving average of $4.86.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 15.72%. The ex-dividend date was Wednesday, November 20th.
About Goldman Sachs MLP and Energy Renassnc Fd (NYSE:GER)
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.
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