GPRF Stock Summary and Trading Ideas (Goldman Sachs Access U.S. Preferred Stock And Hybrid ETF | NASDAQ:GPRF)

The Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (the "Fund") seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Goldman Sachs US Preferred Stock and Hybrids Index (the "Index"). The Fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The Index measures the performance of preferred stock and other hybrid instruments ("Preferred Securities") issued in the U.S. and denominated in USD. The Index is created from a starting universe of the FTSE US Preferred and Hybrids Index (the "Reference Index") and filters out instruments that have a yield to worst of less than -5%, subject to a 2.5% buffer (i.e., for securities in the Reference Index the previous month, they are only screened out of the Index if the yield to worst is less than -7.5%). Preferred Securities are instruments that exhibit both bond and equity-like features. Preferred securities in the Index have a minimum maturity of at least one year.

Goldman Sachs Access U.S. Preferred Stock And Hybrid ETF trades on the NASDAQ stock market under the symbol GPRF.

As of December 12, 2024, GPRF stock price declined to $51.33 with 278 million shares trading.

GPRF has a beta of 0.16, meaning it tends to be less sensitive to market movements. GPRF has a correlation of 0.33 to the broad based SPY ETF.

GPRF has a market cap of $87.26 million. This is considered a Micro Cap stock.

GPRF support price is $51.09 and resistance is $51.61 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GPRF shares will trade within this expected range on the day.