McGowan Group Asset Management Inc. Grows Position in Goldman Sachs Ultra Short Bond ETF $GSST

McGowan Group Asset Management Inc. lifted its position in shares of Goldman Sachs Ultra Short Bond ETF (BATS:GSST) by 3.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 335,916 shares of the company’s stock after purchasing an additional 11,609 shares during the quarter. Goldman Sachs Ultra Short Bond ETF comprises 2.1% of McGowan Group Asset Management Inc.’s investment portfolio, making the stock its 15th biggest holding. McGowan Group Asset Management Inc. owned approximately 1.85% of Goldman Sachs Ultra Short Bond ETF worth $17,031,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GSST. Financial Gravity Companies Inc. purchased a new position in Goldman Sachs Ultra Short Bond ETF during the second quarter valued at $25,000. Steward Partners Investment Advisory LLC bought a new position in shares of Goldman Sachs Ultra Short Bond ETF in the 2nd quarter worth about $39,000. Wagner Wealth Management LLC lifted its position in Goldman Sachs Ultra Short Bond ETF by 149.5% during the 3rd quarter. Wagner Wealth Management LLC now owns 1,417 shares of the company’s stock valued at $72,000 after acquiring an additional 849 shares during the period. GPS Wealth Strategies Group LLC lifted its position in Goldman Sachs Ultra Short Bond ETF by 95.1% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 4,056 shares of the company’s stock valued at $206,000 after acquiring an additional 1,977 shares during the period. Finally, Trademark Financial Management LLC bought a new stake in Goldman Sachs Ultra Short Bond ETF during the third quarter worth about $207,000.

Goldman Sachs Ultra Short Bond ETF Stock Performance

Shares of GSST opened at $50.49 on Thursday. Goldman Sachs Ultra Short Bond ETF has a fifty-two week low of $50.25 and a fifty-two week high of $50.83. The firm’s 50-day simple moving average is $50.58 and its two-hundred day simple moving average is $50.58.

Goldman Sachs Ultra Short Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were paid a $0.162 dividend. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Monday, March 2nd. This is an increase from Goldman Sachs Ultra Short Bond ETF’s previous monthly dividend of $0.14.

Goldman Sachs Ultra Short Bond ETF Profile

The Goldman Sachs Access Ultra Short Bond ETF (GSST) is an exchange-traded fund that is based on the FTSE 3 Month T-Bill index. The fund is an actively-managed ETF that seeks to provide current income with preservation of capital by investing in a broad range of USD-denominated ultra-short-term bonds. GSST was launched on Apr 15, 2019 and is managed by Goldman Sachs.