Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Sets New 52-Week High – Time to Buy?

Shares of Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) hit a new 52-week high on Wednesday . The company traded as high as $53.50 and last traded at $53.5370, with a volume of 22572 shares changing hands. The stock had previously closed at $53.41.

Goldman Sachs S&P 500 Core Premium Income ETF Trading Up 0.1%

The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 25.98 and a beta of 0.84. The stock’s 50 day moving average is $52.71 and its 200 day moving average is $51.89.

Goldman Sachs S&P 500 Core Premium Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, January 8th. Investors of record on Friday, January 2nd were paid a $0.3755 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a c) dividend on an annualized basis and a yield of 8.4%.

Hedge Funds Weigh In On Goldman Sachs S&P 500 Core Premium Income ETF

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in Goldman Sachs S&P 500 Core Premium Income ETF by 419.4% during the 1st quarter. Royal Bank of Canada now owns 103,307 shares of the company’s stock worth $4,815,000 after purchasing an additional 83,419 shares in the last quarter. Jane Street Group LLC grew its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 857.0% in the 1st quarter. Jane Street Group LLC now owns 81,992 shares of the company’s stock worth $3,822,000 after acquiring an additional 73,424 shares during the period. LexAurum Advisors LLC boosted its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 6.1% during the second quarter. LexAurum Advisors LLC now owns 14,666 shares of the company’s stock worth $731,000 after purchasing an additional 849 shares during the last quarter. Truist Financial Corp acquired a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the second quarter worth $2,410,000. Finally, Requisite Capital Management LLC purchased a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the second quarter valued at $67,579,000.

Goldman Sachs S&P 500 Core Premium Income ETF Company Profile

The Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF, primarily investing in stocks of companies in the S&P 500. Combining equity investments with a call strategy, the fund seeks to generate stable income while offering potential for capital growth GPIX was launched on Oct 24, 2023 and is issued by Goldman Sachs.