Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) Shares Down 0.1% – Here’s Why

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF)’s share price fell 0.1% during trading on Thursday. The company traded as low as $47.58 and last traded at $47.7340. 7,079 shares were traded during trading, a decline of 67% from the average daily volume of 21,486 shares. The stock had previously closed at $47.78.

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF Stock Down 0.1%

The business’s 50 day moving average is $48.63 and its 200-day moving average is $49.55.

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

The firm also recently declared a monthly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, October 1st were paid a $0.2731 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 6.9%. This is a boost from Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF’s previous monthly dividend of $0.2140. The ex-dividend date was Thursday, October 1st.

Institutional Investors Weigh In On Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF

An institutional investor recently bought a new stake in Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF stock. Barrett & Company Inc. bought a new stake in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $96,000. Barrett & Company Inc. owned about 0.06% of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF as of its most recent filing with the SEC.

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

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.