Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Hits New 52-Week High – Should You Buy?

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) shares reached a new 52-week high on Friday . The company traded as high as $55.63 and last traded at $55.61, with a volume of 483386 shares traded. The stock had previously closed at $55.27.

Goldman Sachs S&P 500 Core Premium Income ETF Trading Up 0.5%

The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 25.98 and a beta of 0.84. The firm’s fifty day simple moving average is $52.45 and its two-hundred day simple moving average is $52.54.

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

The company also recently announced a dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were issued a $0.3831 dividend. The ex-dividend date was Friday, May 1st. This is a positive change from Goldman Sachs S&P 500 Core Premium Income ETF’s previous dividend of $0.35.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. LPL Financial LLC raised its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 50.9% in the 4th quarter. LPL Financial LLC now owns 4,282,956 shares of the company’s stock valued at $226,140,000 after acquiring an additional 1,445,041 shares during the period. Bank of America Corp DE raised its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 111.5% in the 3rd quarter. Bank of America Corp DE now owns 1,627,328 shares of the company’s stock valued at $84,995,000 after acquiring an additional 857,957 shares during the period. Hilton Capital Management LLC purchased a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 4th quarter valued at approximately $40,208,000. Wells Fargo & Company MN raised its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 723.5% in the 4th quarter. Wells Fargo & Company MN now owns 660,520 shares of the company’s stock valued at $34,875,000 after acquiring an additional 580,313 shares during the period. Finally, Pineridge Advisors LLC purchased a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 3rd quarter valued at approximately $29,676,000.

About Goldman Sachs S&P 500 Core Premium Income ETF

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.