Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $55.24 and traded as low as $53.73. Goldman Sachs Nasdaq 100 Core Premium Income ETF shares last traded at $54.29, with a volume of 4,760,247 shares traded.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Price Performance

The firm has a 50-day moving average price of $56.87 and a two-hundred day moving average price of $55.24. The firm has a market capitalization of $6.24 billion, a P/E ratio of 33.26 and a beta of 1.03.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, October 1st were given a dividend of $0.5088 per share. The ex-dividend date of this dividend was Thursday, October 1st. This is a boost from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.4968. This represents a $6.11 dividend on an annualized basis and a dividend yield of 11.2%.

Hedge Funds Weigh In On Goldman Sachs Nasdaq 100 Core Premium Income ETF

A number of institutional investors have recently modified their holdings of the stock. NBZ Investment Advisors LLC purchased a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 3rd quarter valued at approximately $1,290,000. Compass Financial Management LLC grew its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 5.6% during the 3rd quarter. Compass Financial Management LLC now owns 55,536 shares of the company’s stock worth $3,220,000 after buying an additional 2,953 shares during the last quarter. IPG Investment Advisors LLC purchased a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the third quarter worth approximately $203,000. XML Financial LLC raised its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 3.9% in the 3rd quarter. XML Financial LLC now owns 165,367 shares of the company’s stock valued at $9,588,000 after purchasing an additional 6,150 shares during the last quarter. Finally, Capital CS Group LLC acquired a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 3rd quarter worth $236,000.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Company Profile

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.