Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Reaches New 52-Week High – Here’s Why

Shares of Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) hit a new 52-week high during trading on Monday . The stock traded as high as $56.55 and last traded at $56.37, with a volume of 101200 shares trading hands. The stock had previously closed at $56.38.

Goldman Sachs S&P 500 Core Premium Income ETF Trading Down 0.2%

The firm has a market capitalization of $5.10 billion, a P/E ratio of 25.98 and a beta of 0.84. The business’s 50 day simple moving average is $55.25 and its two-hundred day simple moving average is $53.66.

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

The company also recently declared a monthly dividend, which was paid on Friday, August 7th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.3916 per share. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Next Level Private LLC raised its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 1.3% during the first quarter. Next Level Private LLC now owns 15,288 shares of the company’s stock valued at $765,000 after purchasing an additional 191 shares during the last quarter. Pasadena Private Wealth LLC boosted its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 1.9% in the fourth quarter. Pasadena Private Wealth LLC now owns 10,871 shares of the company’s stock worth $574,000 after purchasing an additional 200 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 1.4% in the first quarter. Nations Financial Group Inc. IA ADV now owns 14,829 shares of the company’s stock worth $742,000 after purchasing an additional 200 shares during the last quarter. Axxcess Wealth Management LLC grew its position in Goldman Sachs S&P 500 Core Premium Income ETF by 2.6% in the 1st quarter. Axxcess Wealth Management LLC now owns 8,379 shares of the company’s stock worth $419,000 after purchasing an additional 215 shares during the period. Finally, Wealth Alliance LLC grew its position in Goldman Sachs S&P 500 Core Premium Income ETF by 3.7% in the 1st quarter. Wealth Alliance LLC now owns 6,213 shares of the company’s stock worth $311,000 after purchasing an additional 219 shares during the period.

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.