Masso Torrence Wealth Management Inc. Takes $2.28 Million Position in Goldman Sachs Municipal Income ETF $GMUB

Masso Torrence Wealth Management Inc. acquired a new position in Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,875 shares of the company’s stock, valued at approximately $2,283,000. Goldman Sachs Municipal Income ETF comprises approximately 0.9% of Masso Torrence Wealth Management Inc.’s holdings, making the stock its 25th largest position. Masso Torrence Wealth Management Inc. owned 2.04% of Goldman Sachs Municipal Income ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GMUB. Goldman Sachs Group Inc. raised its stake in Goldman Sachs Municipal Income ETF by 39.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 121,288 shares of the company’s stock valued at $6,031,000 after purchasing an additional 34,403 shares during the last quarter. Sowell Financial Services LLC acquired a new position in Goldman Sachs Municipal Income ETF in the second quarter worth $2,222,000. Landmark Wealth Management LLC bought a new stake in Goldman Sachs Municipal Income ETF during the 2nd quarter worth about $864,000. Retirement Planning Group LLC increased its holdings in shares of Goldman Sachs Municipal Income ETF by 345.5% in the second quarter. Retirement Planning Group LLC now owns 55,803 shares of the company’s stock valued at $2,786,000 after purchasing an additional 43,276 shares in the last quarter. Finally, Betterment LLC bought a new stake in shares of Goldman Sachs Municipal Income ETF during the second quarter worth $26,460,000.

Goldman Sachs Municipal Income ETF Stock Performance

Shares of NYSEARCA GMUB opened at $51.17 on Wednesday. The company’s 50 day simple moving average is $51.12 and its 200 day simple moving average is $50.51. Goldman Sachs Municipal Income ETF has a fifty-two week low of $44.00 and a fifty-two week high of $51.96.

Goldman Sachs Municipal Income ETF Company Profile

The Goldman Sachs Municipal Income ETF (GMUB) is an exchange-traded fund that mostly invests in broad credit 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 provide diversified exposure and high current income GMUB was launched on Jul 23, 2024 and is issued by Goldman Sachs.