Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Sets New 52-Week High – Should You Buy?

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $55.24 and last traded at $55.24, with a volume of 36617 shares. The stock had previously closed at $54.89.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Up 0.1%

The company’s 50 day moving average price is $51.61 and its 200 day moving average price is $52.38. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 33.26 and a beta of 0.95.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.4319 per share. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date was Wednesday, April 1st.

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

Several institutional investors and hedge funds have recently made changes to their positions in GPIQ. Fifth Third Bancorp acquired a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the fourth quarter worth $28,000. Gilpin Wealth Management LLC acquired a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the fourth quarter worth $32,000. PNC Financial Services Group Inc. lifted its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 131.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 660 shares of the company’s stock worth $35,000 after buying an additional 375 shares during the period. Camelot Portfolios LLC acquired a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the fourth quarter worth $49,000. Finally, Private Wealth Asset Management LLC purchased a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the fourth quarter worth $55,000.

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.