M Holdings Securities Inc. Sells 48,265 Shares of Goldman Sachs S&P 500 Core Premium Income ETF $GPIX

M Holdings Securities Inc. trimmed its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) by 51.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,445 shares of the company’s stock after selling 48,265 shares during the period. M Holdings Securities Inc.’s holdings in Goldman Sachs S&P 500 Core Premium Income ETF were worth $2,503,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 21.5% in the first quarter. Bank of America Corp DE now owns 2,957,052 shares of the company’s stock worth $147,971,000 after buying an additional 523,224 shares during the period. Cornerstone Advisory LLC grew its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 19.6% in the 1st quarter. Cornerstone Advisory LLC now owns 1,599,317 shares of the company’s stock worth $80,030,000 after buying an additional 262,596 shares during the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 3rd 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 buying an additional 912,241 shares in the last quarter. Finally, SK Wealth Management LLC increased its position in Goldman Sachs S&P 500 Core Premium Income ETF by 4.4% during the 1st quarter. SK Wealth Management LLC now owns 909,777 shares of the company’s stock valued at $45,753,000 after buying an additional 38,055 shares in the last quarter.

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

Shares of NASDAQ:GPIX opened at $53.36 on Monday. The stock has a fifty day simple moving average of $55.75 and a two-hundred day simple moving average of $54.33. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 25.98 and a beta of 0.83. Goldman Sachs S&P 500 Core Premium Income ETF has a 12-month low of $48.46 and a 12-month high of $56.74.

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

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

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.