McGowan Group Asset Management Inc. Increases Stock Position in Goldman Sachs Ultra Short Bond ETF $GSST

McGowan Group Asset Management Inc. boosted its holdings in Goldman Sachs Ultra Short Bond ETF (BATS:GSST) by 3.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 335,916 shares of the company’s stock after buying an additional 11,609 shares during the period. Goldman Sachs Ultra Short Bond ETF makes up 2.1% of McGowan Group Asset Management Inc.’s investment portfolio, making the stock its 15th largest position. McGowan Group Asset Management Inc.’s holdings in Goldman Sachs Ultra Short Bond ETF were worth $17,031,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GSST. Kensington Asset Management LLC bought a new stake in shares of Goldman Sachs Ultra Short Bond ETF in the 2nd quarter worth $23,779,000. UBS Group AG boosted its position in shares of Goldman Sachs Ultra Short Bond ETF by 6,537.0% during the third quarter. UBS Group AG now owns 429,747 shares of the company’s stock valued at $21,788,000 after buying an additional 423,272 shares during the last quarter. CWM LLC increased its holdings in Goldman Sachs Ultra Short Bond ETF by 14.9% in the 3rd quarter. CWM LLC now owns 1,189,801 shares of the company’s stock worth $60,323,000 after buying an additional 154,612 shares in the last quarter. Three Seasons Wealth LLC increased its holdings in Goldman Sachs Ultra Short Bond ETF by 3,568.3% in the 3rd quarter. Three Seasons Wealth LLC now owns 148,310 shares of the company’s stock worth $7,519,000 after buying an additional 144,267 shares in the last quarter. Finally, Frazier Financial Advisors LLC raised its position in Goldman Sachs Ultra Short Bond ETF by 163.4% in the 3rd quarter. Frazier Financial Advisors LLC now owns 208,445 shares of the company’s stock worth $10,568,000 after buying an additional 129,321 shares during the last quarter.

Goldman Sachs Ultra Short Bond ETF Stock Performance

GSST opened at $50.49 on Thursday. The company’s 50-day simple moving average is $50.58 and its two-hundred day simple moving average is $50.58. Goldman Sachs Ultra Short Bond ETF has a 52-week low of $50.25 and a 52-week high of $50.83.

Goldman Sachs Ultra Short Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.162 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Goldman Sachs Ultra Short Bond ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a dividend yield of 3.9%.

Goldman Sachs Ultra Short Bond ETF 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.