Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Share Price Breaks Below Two Hundred Day Moving Average – Here’s Why

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX)’s share price passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $54.33 and traded as low as $53.17. Goldman Sachs S&P 500 Core Premium Income ETF shares last traded at $53.2090, with a volume of 2,391,770 shares.

Goldman Sachs S&P 500 Core Premium Income ETF Price Performance

The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 25.98 and a beta of 0.83. The stock has a fifty day moving average of $55.75 and a two-hundred day moving average of $54.33.

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

The business also recently declared a monthly dividend, which was paid on Friday, November 6th. Shareholders of record on Monday, November 2nd were given a $0.3885 dividend. This is a drop from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3970. The ex-dividend date was Monday, November 2nd. This represents a $4.66 dividend on an annualized basis and a dividend yield of 8.7%.

Institutional Investors Weigh In On Goldman Sachs S&P 500 Core Premium Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in GPIX. Commonwealth Equity Services LLC acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the third quarter worth approximately $63,155,000. Parallel Advisors LLC increased its position in Goldman Sachs S&P 500 Core Premium Income ETF by 35,208.1% during the 3rd quarter. Parallel Advisors LLC now owns 914,832 shares of the company’s stock valued at $51,075,000 after purchasing an additional 912,241 shares during the period. Bank of America Corp DE increased its position in Goldman Sachs S&P 500 Core Premium Income ETF by 21.5% during the 1st quarter. Bank of America Corp DE now owns 2,957,052 shares of the company’s stock valued at $147,971,000 after purchasing an additional 523,224 shares during the period. Lebenthal Global Advisors LLC raised its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 568.3% during the 3rd quarter. Lebenthal Global Advisors LLC now owns 532,188 shares of the company’s stock worth $29,712,000 after purchasing an additional 452,550 shares during the last quarter. Finally, WNY Asset Management LLC bought a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the 1st quarter worth approximately $19,197,000.

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.