Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) Stock Price Down 0.1% – What’s Next?

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF)’s stock price fell 0.1% during mid-day trading on Tuesday. The stock traded as low as $48.74 and last traded at $48.8750. Approximately 2,293 shares changed hands during trading, a decline of 90% from the average session volume of 22,082 shares. The stock had previously closed at $48.92.

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF Stock Down 0.3%

The business has a 50 day simple moving average of $49.37 and a 200 day simple moving average of $49.88.

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.2140 per share. This represents a $2.57 annualized dividend and a dividend yield of 5.3%. This is a decrease from Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF’s previous monthly dividend of $0.2653. The ex-dividend date was Tuesday, September 1st.

Institutional Trading of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF

An institutional investor recently raised its stake in Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF stock. Goldman Sachs Group Inc. raised its stake in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) by 62.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,575,600 shares of the company’s stock after purchasing an additional 1,376,800 shares during the quarter. Goldman Sachs Group Inc. owned about 1,554.61% of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF worth $181,032,000 at the end of the most recent reporting period.

About Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF

The Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks to track an index of broad US preferred stock and hybrid securities. The fund aims to provide high monthly income, with lower correlation to interest rates, relative to other asset classes GPRF was launched on Jul 30, 2024 and is issued by Goldman Sachs.