Goldman Sachs MLP Income Opportun Fund (NYSE:GMZ)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $7.69. Goldman Sachs MLP Income Opportun Fund shares last traded at $7.75, with a volume of 2,628 shares changing hands.
The stock’s fifty day moving average price is $7.74.
A hedge fund recently bought a new stake in Goldman Sachs MLP Income Opportun Fund stock. OTA Financial Group L.P. purchased a new stake in shares of Goldman Sachs MLP Income Opportun Fund (NYSE:GMZ) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 36,736 shares of the investment management company’s stock, valued at approximately $294,000.
Goldman Sachs MLP Income Opportunities Fund is a closed ended equity mutual fund launched and managed by Goldman Sachs Asset Management, L.P. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the energy sector. It primarily invests in "midstream" master limited partnerships that are engaged in the treatment, gathering, compression, processing, transportation, transmission, fractionation, storage, and termination of natural gas, natural gas liquids, crude oil, refined products or coal.
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