Goldman Sachs MLP and Energy Renassnc Fd (GER) Sets New 12-Month Low at $5.11

Goldman Sachs MLP and Energy Renassnc Fd (NYSE:GER) shares reached a new 52-week low on Tuesday . The company traded as low as $5.11 and last traded at $5.16, with a volume of 11456 shares trading hands. The stock had previously closed at $5.55.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 29th. Investors of record on Wednesday, November 21st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 12.45%. The ex-dividend date is Tuesday, November 20th.

In related news, insider Ganesh Jois acquired 8,750 shares of Goldman Sachs MLP and Energy Renassnc Fd stock in a transaction that occurred on Thursday, November 15th. The stock was bought at an average price of $5.57 per share, with a total value of $48,737.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Several institutional investors have recently bought and sold shares of GER. Creative Planning bought a new stake in shares of Goldman Sachs MLP and Energy Renassnc Fd in the 2nd quarter worth $319,000. Watch Point Trust Co bought a new stake in shares of Goldman Sachs MLP and Energy Renassnc Fd in the 2nd quarter worth $160,000. Spectrum Management Group Inc. bought a new stake in shares of Goldman Sachs MLP and Energy Renassnc Fd in the 2nd quarter worth $196,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Goldman Sachs MLP and Energy Renassnc Fd by 15.0% in the 2nd 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 in the last quarter. Finally, Quadrant Private Wealth Management LLC increased its holdings in shares of Goldman Sachs MLP and Energy Renassnc Fd by 5.7% in the 2nd 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 in the last quarter.

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About Goldman Sachs MLP and Energy Renassnc Fd (NYSE:GER)

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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