Goldman Sachs MLP and Energy Renassnc Fd (NYSE:GER) Trading 5.2% Higher

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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.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC bought a new position in Goldman Sachs MLP and Energy Renassnc Fd during the 2nd quarter worth approximately $27,000. Advisor Group Inc. lifted its stake in Goldman Sachs MLP and Energy Renassnc Fd by 20.7% during the second quarter. Advisor Group Inc. now owns 17,463 shares of the investment management company’s stock worth $93,000 after purchasing an additional 3,000 shares during the last quarter. Zazove Associates LLC lifted its stake in Goldman Sachs MLP and Energy Renassnc Fd by 17.8% during the second quarter. Zazove Associates LLC now owns 331,058 shares of the investment management company’s stock worth $1,748,000 after purchasing an additional 49,991 shares during the last quarter. Buckingham Asset Management LLC acquired a new position in Goldman Sachs MLP and Energy Renassnc Fd in the second quarter worth $99,000. Finally, H D Vest Advisory Services acquired a new position in Goldman Sachs MLP and Energy Renassnc Fd in the second quarter worth $100,000.

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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