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

Shares of Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) hit a new 52-week high during mid-day trading 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 Price Performance

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

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

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

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

A number of institutional investors and hedge funds have recently made changes to their positions in GPIX. Insight Wealth Strategies LLC increased its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 37.7% in the 2nd quarter. Insight Wealth Strategies LLC now owns 13,158 shares of the company’s stock valued at $725,000 after purchasing an additional 3,602 shares in the last quarter. Canvas Wealth Advisors LLC boosted its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 9.0% during the second quarter. Canvas Wealth Advisors LLC now owns 11,586 shares of the company’s stock worth $644,000 after buying an additional 961 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in Goldman Sachs S&P 500 Core Premium Income ETF by 6.0% during the second quarter. Wealthcare Advisory Partners LLC now owns 91,765 shares of the company’s stock worth $5,099,000 after buying an additional 5,187 shares during the period. Castle Rock Wealth Management LLC grew its position in Goldman Sachs S&P 500 Core Premium Income ETF by 2.5% during the second quarter. Castle Rock Wealth Management LLC now owns 65,111 shares of the company’s stock worth $3,588,000 after buying an additional 1,566 shares during the period. Finally, Elmwood Wealth Management Inc. increased its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 4.2% in the second quarter. Elmwood Wealth Management Inc. now owns 132,082 shares of the company’s stock valued at $7,340,000 after buying an additional 5,308 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.