Goldman Sachs Ultra Short Bond ETF (BATS:GSST) Hits New 52-Week Low – Here’s Why

Goldman Sachs Ultra Short Bond ETF (BATS:GSST)’s share price hit a new 52-week low during trading on Thursday. The company traded as low as $50.28 and last traded at $50.2850, with a volume of 14472 shares traded. The stock had previously closed at $50.46.

Goldman Sachs Ultra Short Bond ETF Stock Down 0.4%

The firm’s fifty day moving average price is $50.47 and its 200-day moving average price is $50.48.

Institutional Investors Weigh In On Goldman Sachs Ultra Short Bond ETF

A number of large investors have recently added to or reduced their stakes in GSST. Kensington Asset Management LLC increased its position in Goldman Sachs Ultra Short Bond ETF by 15.6% during the 1st quarter. Kensington Asset Management LLC now owns 819,238 shares of the company’s stock valued at $41,412,000 after purchasing an additional 110,264 shares during the period. Proficio Capital Partners LLC grew its stake in shares of Goldman Sachs Ultra Short Bond ETF by 10,383.9% in the 2nd quarter. Proficio Capital Partners LLC now owns 465,485 shares of the company’s stock worth $23,542,000 after buying an additional 461,045 shares during the last quarter. Avestar Capital LLC increased its position in Goldman Sachs Ultra Short Bond ETF by 0.5% during the 4th quarter. Avestar Capital LLC now owns 403,258 shares of the company’s stock valued at $20,402,000 after buying an additional 1,841 shares in the last quarter. FreeGulliver LLC increased its position in Goldman Sachs Ultra Short Bond ETF by 406.5% during the 1st quarter. FreeGulliver LLC now owns 299,608 shares of the company’s stock valued at $15,145,000 after buying an additional 240,450 shares in the last quarter. Finally, Frazier Financial Advisors LLC increased its position in Goldman Sachs Ultra Short Bond ETF by 4.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 216,350 shares of the company’s stock valued at $10,936,000 after buying an additional 9,089 shares in the last quarter.

Goldman Sachs Ultra Short Bond ETF Company 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.