Redhawk Wealth Advisors Inc. Takes Position in Goldman Sachs Municipal Income ETF $GMUB

Redhawk Wealth Advisors Inc. bought a new stake in Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) during the 4th quarter, HoldingsChannel.com reports. The fund bought 32,846 shares of the company’s stock, valued at approximately $1,681,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GMUB. Magnus Financial Group LLC acquired a new stake in Goldman Sachs Municipal Income ETF during the 4th quarter worth about $560,000. GoalVest Advisory LLC raised its stake in shares of Goldman Sachs Municipal Income ETF by 73.5% in the fourth quarter. GoalVest Advisory LLC now owns 271,777 shares of the company’s stock worth $13,912,000 after purchasing an additional 115,165 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Goldman Sachs Municipal Income ETF in the third quarter worth about $1,906,000. Flow Traders U.S. LLC lifted its holdings in shares of Goldman Sachs Municipal Income ETF by 1,600.6% during the third quarter. Flow Traders U.S. LLC now owns 101,885 shares of the company’s stock worth $5,183,000 after purchasing an additional 95,894 shares during the period. Finally, Betterment LLC lifted its holdings in shares of Goldman Sachs Municipal Income ETF by 46.4% during the third quarter. Betterment LLC now owns 775,892 shares of the company’s stock worth $39,477,000 after purchasing an additional 245,844 shares during the period.

Goldman Sachs Municipal Income ETF Trading Down 0.0%

Shares of NYSEARCA GMUB opened at $50.75 on Friday. Goldman Sachs Municipal Income ETF has a 52 week low of $44.00 and a 52 week high of $52.23. The business’s 50 day moving average price is $51.53 and its 200 day moving average price is $51.23.

Goldman Sachs Municipal Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1412 per share. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date was Monday, March 2nd.

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.