First Republic Investment Management Inc. Invests $325,000 in Goldman Sachs MLP and Energy Renassnc Fd (GER) Stock

First Republic Investment Management Inc. purchased a new position in Goldman Sachs MLP and Energy Renassnc Fd (NYSE:GER) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 52,929 shares of the investment management company’s stock, valued at approximately $325,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GER. Raymond James & Associates lifted its position in shares of Goldman Sachs MLP and Energy Renassnc Fd by 26.7% during the second quarter. Raymond James & Associates now owns 175,206 shares of the investment management company’s stock worth $1,076,000 after purchasing an additional 36,973 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of Goldman Sachs MLP and Energy Renassnc Fd during the second quarter worth $117,000. Quadrant Private Wealth Management LLC lifted its position in shares of Goldman Sachs MLP and Energy Renassnc Fd by 5.7% during the second quarter. Quadrant Private Wealth Management LLC now owns 870,858 shares of the investment management company’s stock worth $5,347,000 after purchasing an additional 46,835 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Goldman Sachs MLP and Energy Renassnc Fd by 15.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 189,813 shares of the investment management company’s stock worth $1,165,000 after purchasing an additional 24,815 shares during the last quarter. Finally, Spectrum Management Group Inc. bought a new stake in shares of Goldman Sachs MLP and Energy Renassnc Fd during the second quarter worth $196,000.

In other Goldman Sachs MLP and Energy Renassnc Fd news, insider Ganesh Jois bought 7,000 shares of the firm’s stock in a transaction dated Friday, August 10th. The stock was acquired at an average cost of $7.04 per share, for a total transaction of $49,280.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NYSE:GER opened at $6.26 on Thursday. Goldman Sachs MLP and Energy Renassnc Fd has a twelve month low of $5.25 and a twelve month high of $7.29.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 28th. Stockholders of record on Tuesday, August 21st were given a dividend of $0.16 per share. The ex-dividend date was Monday, August 20th. This represents a $0.64 annualized dividend and a dividend yield of 10.22%.

About Goldman Sachs MLP and Energy Renassnc Fd

Goldman Sachs MLP and Energy Renaissance Fund is a closed-ended equity mutual fund launched and managed by Goldman Sachs Asset Management, L.P. The fund invests in public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector. The fund primarily invests in growth stocks of Master Limited Partnerships and related energy companies across all market capitalizations, with a focus on midstream MLP investments.

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Want to see what other hedge funds are holding GER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs MLP and Energy Renassnc Fd (NYSE:GER).

Institutional Ownership by Quarter for Goldman Sachs MLP and Energy Renassnc Fd (NYSE:GER)

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