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

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX)’s share price reached a new 52-week high on Tuesday . The company traded as high as $56.24 and last traded at $56.24, with a volume of 756082 shares traded. The stock had previously closed at $55.59.

Goldman Sachs S&P 500 Core Premium Income ETF Trading Up 1.2%

The firm has a 50 day simple moving average of $55.20 and a two-hundred day simple moving average of $53.52. The company has a market capitalization of $5.10 billion, a PE ratio of 25.98 and a beta of 0.84.

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

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 7th. Investors of record on Monday, August 3rd will be given a $0.3916 dividend. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date is Monday, August 3rd.

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

A number of large investors have recently bought and sold shares of the company. Manchester Capital Management LLC purchased a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the fourth quarter valued at about $30,000. Physician Wealth Advisors Inc. purchased a new position 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 in the fourth quarter valued at about $34,000. Franklin Resources Inc. acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF in the fourth quarter valued at about $53,000. Finally, Redwood Park Advisors LLC boosted its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 127.3% in the 4th quarter. Redwood Park Advisors LLC now owns 1,098 shares of the company’s stock valued at $58,000 after purchasing an additional 615 shares in the last quarter.

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.