Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Hits New 12-Month High – Here’s What Happened

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $59.14 and last traded at $58.90, with a volume of 1585119 shares changing hands. The stock had previously closed at $58.91.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Performance

The company has a market capitalization of $4.10 billion, a P/E ratio of 33.26 and a beta of 1.01. The firm’s fifty day moving average is $54.07 and its 200-day moving average is $53.02.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were issued a dividend of $0.4833 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 9.8%.

Institutional Investors Weigh In On Goldman Sachs Nasdaq 100 Core Premium Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in GPIQ. Bank of America Corp DE bought a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 2nd quarter valued at approximately $43,932,000. Cerity Partners LLC bought a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 4th quarter worth approximately $33,003,000. LPL Financial LLC grew its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 35.3% during the 4th quarter. LPL Financial LLC now owns 1,880,169 shares of the company’s stock worth $99,405,000 after acquiring an additional 490,625 shares during the last quarter. Royal Bank of Canada grew its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 224.9% during the 4th quarter. Royal Bank of Canada now owns 460,780 shares of the company’s stock worth $24,362,000 after acquiring an additional 318,964 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 288.1% in the 4th quarter. Wells Fargo & Company MN now owns 388,576 shares of the company’s stock valued at $20,544,000 after purchasing an additional 288,447 shares during the last quarter.

About Goldman Sachs Nasdaq 100 Core Premium Income ETF

The Goldman Sachs Nasdaq 100 Core Premium Income ETF (GPIQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF that primarily involves stocks within the Nasdaq-100. Combining equity investments with a call strategy, the fund seeks to generate stable income while offering potential for capital growth GPIQ was launched on Oct 24, 2023 and is issued by Goldman Sachs.