HighTower Advisors LLC Invests $2.92 Million in Goldman Sachs Ultra Short Municipal Income ETF $GUMI

HighTower Advisors LLC acquired a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) during the 4th quarter, Holdings Channel reports. The fund acquired 58,064 shares of the company’s stock, valued at approximately $2,919,000. HighTower Advisors LLC owned 0.10% of Goldman Sachs Ultra Short Municipal Income ETF at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in GUMI. Goldman Sachs Group Inc. boosted its holdings in shares of Goldman Sachs Ultra Short Municipal Income ETF by 47.1% during the first quarter. Goldman Sachs Group Inc. now owns 125,000 shares of the company’s stock worth $6,276,000 after purchasing an additional 40,000 shares during the last quarter. Betterment LLC acquired a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF during the third quarter worth $1,711,000. Keebeck Wealth Management acquired a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF during the third quarter worth $401,000. Jane Street Group LLC boosted its holdings in shares of Goldman Sachs Ultra Short Municipal Income ETF by 10.9% during the first quarter. Jane Street Group LLC now owns 28,061 shares of the company’s stock worth $1,409,000 after purchasing an additional 2,767 shares during the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF during the fourth quarter worth $82,000.

Goldman Sachs Ultra Short Municipal Income ETF Stock Performance

GUMI stock opened at $50.34 on Friday. Goldman Sachs Ultra Short Municipal Income ETF has a 52-week low of $50.07 and a 52-week high of $51.00. The stock’s fifty day simple moving average is $50.34 and its 200-day simple moving average is $50.34.

About Goldman Sachs Ultra Short Municipal Income ETF

The Goldman Sachs Ultra Short Municipal Income ETF (GUMI) is an exchange-traded fund that mostly invests in investment grade 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 maintain an average portfolio duration of .5 years (about 6 months) GUMI was launched on Jul 23, 2024 and is issued by Goldman Sachs.