Hennion & Walsh Asset Management Inc. Makes New Investment in Goldman Sachs Dynamic California Municipal Income ETF $GCAL

Hennion & Walsh Asset Management Inc. bought a new position in Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 9,969 shares of the company’s stock, valued at approximately $510,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its position in shares of Goldman Sachs Dynamic California Municipal Income ETF by 24.1% during the first quarter. Goldman Sachs Group Inc. now owns 101,189 shares of the company’s stock valued at $5,071,000 after purchasing an additional 19,677 shares in the last quarter. Cerity Partners LLC purchased a new stake in Goldman Sachs Dynamic California Municipal Income ETF in the second quarter worth $5,955,000. Jane Street Group LLC raised its holdings in Goldman Sachs Dynamic California Municipal Income ETF by 234.4% in the second quarter. Jane Street Group LLC now owns 21,986 shares of the company’s stock worth $1,093,000 after purchasing an additional 15,412 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Goldman Sachs Dynamic California Municipal Income ETF in the third quarter worth $1,822,000. Finally, Planned Solutions Inc. lifted its position in Goldman Sachs Dynamic California Municipal Income ETF by 39.4% during the fourth quarter. Planned Solutions Inc. now owns 15,624 shares of the company’s stock valued at $795,000 after buying an additional 4,418 shares during the period.

Goldman Sachs Dynamic California Municipal Income ETF Price Performance

Shares of Goldman Sachs Dynamic California Municipal Income ETF stock opened at $50.64 on Friday. Goldman Sachs Dynamic California Municipal Income ETF has a 12 month low of $49.64 and a 12 month high of $52.09. The business has a fifty day simple moving average of $50.84 and a two-hundred day simple moving average of $50.95.

Goldman Sachs Dynamic California Municipal Income ETF Profile

The Goldman Sachs Dynamic California Municipal Income ETF (GCAL) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high level of current income by investing in municipal securities exempt from federal and California state income tax. The actively managed fund mainly holds investment grade bonds with a two- to eight-year duration GCAL was launched on Jul 23, 2024 and is issued by Goldman Sachs.