Global Retirement Partners LLC has significantly increased its investment in the Goldman Sachs Ultra Short Bond ETF (BATS:GSST), raising its stake by an impressive 4,209.9% during the third quarter of 2023. According to the firm’s latest 13F filing with the U.S. Securities and Exchange Commission (SEC), the company now holds 20,429 shares of the ETF, having purchased an additional 19,955 shares during the quarter. This brings the total value of its holdings to approximately $1,036,000.
Other institutional investors have also adjusted their positions in the ETF, indicating a broader interest in this investment vehicle. For instance, CWM LLC raised its holdings in the Goldman Sachs Ultra Short Bond ETF by 14.9% in the same period, acquiring an additional 154,612 shares for a total of 1,189,801 shares valued at $60,323,000.
Amplius Wealth Advisors LLC also increased its stake by 13.1%, bringing its total ownership to 783,434 shares, worth $39,720,000. Similarly, Raymond James Financial Inc. enhanced its position by 23.6% during the second quarter, acquiring an additional 101,776 shares for a total of 532,522 shares valued at $26,926,000. Kensington Asset Management LLC entered the market with a new position worth $23,779,000, while Focus Partners Wealth saw a remarkable increase of 61.3% in its stake during the first quarter.
As of Thursday, shares of the Goldman Sachs Ultra Short Bond ETF opened at $50.52. The ETF has shown stability with a 50-day moving average of $50.57 and a 200-day moving average of $50.55. Over the past year, it has fluctuated between a low of $50.21 and a high of $50.67.
Overview of Goldman Sachs Ultra Short Bond ETF
The Goldman Sachs Access Ultra Short Bond ETF (GSST) was launched on April 15, 2019, and aims to provide current income while preserving capital. This actively-managed fund invests in a diverse range of USD-denominated ultra-short-term bonds and is designed to track the FTSE 3 Month T-Bill index.
The recent movements by various institutional investors indicate a growing confidence in the ETF as a stable investment option amidst evolving market conditions. For those interested in the latest updates concerning the ETF and its holdings, resources such as HoldingsChannel.com provide valuable insights, including recent 13F filings and insider trades.
The surge in investments, particularly from Global Retirement Partners LLC, highlights a strategic approach to capitalizing on the potential benefits offered by ultra-short bond investments in today’s financial landscape.
