Goldman Sachs MLP and Energy Renaissance Fund (NYSE:GER) Share Price Crosses Above Fifty Day Moving Average of $13.51

Goldman Sachs MLP and Energy Renaissance Fund (NYSE:GER – Get Rating) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $13.51 and traded as high as $13.68. Goldman Sachs MLP and Energy Renaissance Fund shares last traded at $13.41, with a volume of 93,558 shares trading hands.

Goldman Sachs MLP and Energy Renaissance Fund Stock Down 1.1 %

The business has a fifty day moving average of $13.51 and a 200 day moving average of $13.20.

Goldman Sachs MLP and Energy Renaissance Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Wednesday, February 22nd were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, February 21st. This represents a $0.88 annualized dividend and a yield of 6.56%. This is a boost from Goldman Sachs MLP and Energy Renaissance Fund’s previous quarterly dividend of $0.20.

Insider Buying and Selling at Goldman Sachs MLP and Energy Renaissance Fund

In other news, major shareholder Saba Capital Management, L.P. acquired 16,597 shares of the business’s stock in a transaction on Wednesday, February 22nd. The shares were purchased at an average price of $13.32 per share, for a total transaction of $221,072.04. Following the completion of the purchase, the insider now directly owns 1,590,659 shares of the company’s stock, valued at approximately $21,187,577.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Trading of Goldman Sachs MLP and Energy Renaissance Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cerity Partners LLC acquired a new stake in Goldman Sachs MLP and Energy Renaissance Fund during the fourth quarter valued at approximately $202,000. Morgan Stanley raised its position in shares of Goldman Sachs MLP and Energy Renaissance Fund by 2.4% during the 4th quarter. Morgan Stanley now owns 529,408 shares of the investment management company’s stock worth $6,766,000 after purchasing an additional 12,498 shares during the period. Almitas Capital LLC raised its position in shares of Goldman Sachs MLP and Energy Renaissance Fund by 248.9% during the 4th quarter. Almitas Capital LLC now owns 133,984 shares of the investment management company’s stock worth $1,712,000 after purchasing an additional 95,587 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of Goldman Sachs MLP and Energy Renaissance Fund during the 4th quarter worth approximately $731,000. Finally, RPO LLC acquired a new stake in shares of Goldman Sachs MLP and Energy Renaissance Fund during the 4th quarter worth approximately $266,000.

Goldman Sachs MLP and Energy Renaissance Fund Company Profile

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Goldman Sachs MLP & Energy Renaissance Fund operates as a closed-end investment fund/investment trust. Its investment objective is to seek a high level of total return with an emphasis on current distributions to shareholders. The company was founded on July 7, 2014 and is headquartered in New York, NY.