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

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

Goldman Sachs S&P 500 Core Premium Income ETF Trading Up 0.1%

The company has a market cap of $5.12 billion, a price-to-earnings ratio of 25.98 and a beta of 0.84. The business has a fifty day moving average price of $55.23 and a two-hundred day moving average price of $53.61.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, August 7th. Investors of record on Monday, August 3rd were given a dividend of $0.3916 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 8.3%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Insight Wealth Strategies LLC boosted its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 37.7% during the 2nd quarter. Insight Wealth Strategies LLC now owns 13,158 shares of the company’s stock valued at $725,000 after buying an additional 3,602 shares during the period. Canvas Wealth Advisors LLC raised its holdings in shares of 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 acquiring an additional 961 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in shares of 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 acquiring an additional 5,187 shares in the last quarter. Castle Rock Wealth Management LLC boosted 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 valued at $3,588,000 after purchasing an additional 1,566 shares during the last quarter. Finally, Elmwood Wealth Management Inc. boosted its position in Goldman Sachs S&P 500 Core Premium Income ETF by 4.2% during the second quarter. Elmwood Wealth Management Inc. now owns 132,082 shares of the company’s stock valued at $7,340,000 after purchasing an additional 5,308 shares during the last quarter.

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.