Advisors Asset Management Inc. lowered its stake in shares of Goldman Sachs MLP and Energy Renassnc Fd (NYSE:GER) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 370,052 shares of the investment management company’s stock after selling 6,242 shares during the period. Advisors Asset Management Inc.’s holdings in Goldman Sachs MLP and Energy Renassnc Fd were worth $2,664,000 at the end of the most recent reporting period.
Separately, Stratos Wealth Partners LTD. increased its stake in Goldman Sachs MLP and Energy Renassnc Fd by 80.7% in the second quarter. Stratos Wealth Partners LTD. now owns 21,274 shares of the investment management company’s stock valued at $153,000 after buying an additional 9,500 shares during the period.
Shares of Goldman Sachs MLP and Energy Renassnc Fd (GER) opened at 6.41 on Tuesday. The firm’s 50-day moving average is $7.11 and its 200 day moving average is $7.68. Goldman Sachs MLP and Energy Renassnc Fd has a 12-month low of $6.29 and a 12-month high of $8.90.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Monday, August 21st will be issued a $0.16 dividend. The ex-dividend date is Thursday, August 17th. This represents a $0.64 annualized dividend and a yield of 9.98%.
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In other Goldman Sachs MLP and Energy Renassnc Fd news, insider Denis Lavigueur sold 149,000 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $0.28, for a total transaction of $41,720.00. Insiders purchased a total of 70,000 shares of company stock valued at $18,950 over the last quarter.
About Goldman Sachs MLP and Energy Renassnc Fd
Goldman Sachs MLP and Energy Renaissance Fund is a non-diversified, closed-end management investment company. It seeks a high level of total return with an emphasis on current distributions to shareholders. It seeks to achieve its investment objective by investing primarily in master limited partnership (MLP) and other energy investments.
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