Cornerstone Wealth Management LLC Buys 15,045 Shares of Goldman Sachs Dynamic California Municipal Income ETF $GCAL

Cornerstone Wealth Management LLC bought a new stake in Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 15,045 shares of the company’s stock, valued at approximately $730,000. Cornerstone Wealth Management LLC owned about 0.29% of Goldman Sachs Dynamic California Municipal Income ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Cooper Capital Advisors LLC bought a new position in shares of Goldman Sachs Dynamic California Municipal Income ETF during the third quarter worth about $1,357,000. D.A. Davidson & CO. bought a new stake in Goldman Sachs Dynamic California Municipal Income ETF in the 3rd quarter valued at about $985,000. Blume Capital Management Inc. acquired a new position in Goldman Sachs Dynamic California Municipal Income ETF during the 3rd quarter valued at about $388,000. Richards Merrill & Peterson Inc. acquired a new position in Goldman Sachs Dynamic California Municipal Income ETF during the 3rd quarter valued at about $85,000. Finally, Robertson Stephens Wealth Management LLC grew its position in Goldman Sachs Dynamic California Municipal Income ETF by 16.2% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 12,932 shares of the company’s stock worth $627,000 after purchasing an additional 1,800 shares during the last quarter.

Goldman Sachs Dynamic California Municipal Income ETF Stock Performance

NYSEARCA GCAL opened at $49.72 on Friday. The company has a 50-day moving average price of $49.25 and a two-hundred day moving average price of $50.48. Goldman Sachs Dynamic California Municipal Income ETF has a 52 week low of $48.00 and a 52 week high of $52.09.

About Goldman Sachs Dynamic California Municipal Income ETF

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.