Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Hits New 1-Year High – Time to Buy?

Shares of Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) reached a new 52-week high on Thursday . The company traded as high as $55.93 and last traded at $55.86, with a volume of 179000 shares. The stock had previously closed at $55.75.

Goldman Sachs S&P 500 Core Premium Income ETF Stock Up 0.4%

The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 25.98 and a beta of 0.84. The business has a 50-day moving average of $52.81 and a two-hundred day moving average of $52.64.

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. Investors of record on Friday, May 1st were given a dividend of $0.3831 per share. This is a boost from Goldman Sachs S&P 500 Core Premium Income ETF’s previous dividend of $0.35. The ex-dividend date of this dividend was Friday, May 1st.

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

Institutional investors have recently added to or reduced their stakes in the company. Manchester Capital Management LLC acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the fourth quarter worth about $30,000. Physician Wealth Advisors Inc. acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the fourth quarter worth about $31,000. Private Wealth Asset Management LLC acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the fourth quarter worth about $34,000. CoreCap Advisors LLC grew its position in Goldman Sachs S&P 500 Core Premium Income ETF by 1,572.1% during the fourth quarter. CoreCap Advisors LLC now owns 719 shares of the company’s stock worth $38,000 after buying an additional 676 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the third quarter worth about $42,000.

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.