Goldman Sachs S&P 500 Core Premium Income ETF $GPIX Stock Position Raised by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its position in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) by 20.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 298,140 shares of the company’s stock after buying an additional 50,875 shares during the period. Kestra Advisory Services LLC’s holdings in Goldman Sachs S&P 500 Core Premium Income ETF were worth $16,645,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Commonwealth Equity Services LLC acquired a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the third quarter worth $63,155,000. Bank of America Corp DE boosted its position in Goldman Sachs S&P 500 Core Premium Income ETF by 21.5% during the first quarter. Bank of America Corp DE now owns 2,957,052 shares of the company’s stock worth $147,971,000 after purchasing an additional 523,224 shares in the last quarter. Lebenthal Global Advisors LLC boosted its position in Goldman Sachs S&P 500 Core Premium Income ETF by 568.3% during the third quarter. Lebenthal Global Advisors LLC now owns 532,188 shares of the company’s stock worth $29,712,000 after purchasing an additional 452,550 shares in the last quarter. WNY Asset Management LLC acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF in the first quarter valued at $19,197,000. Finally, Modern Wealth Management LLC grew its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 127.3% in the first quarter. Modern Wealth Management LLC now owns 582,931 shares of the company’s stock valued at $29,147,000 after purchasing an additional 326,488 shares during the last quarter.

Goldman Sachs S&P 500 Core Premium Income ETF Price Performance

Shares of GPIX stock opened at $53.36 on Monday. Goldman Sachs S&P 500 Core Premium Income ETF has a fifty-two week low of $48.46 and a fifty-two week high of $56.74. The stock has a market cap of $6.25 billion, a P/E ratio of 25.98 and a beta of 0.83. The business has a fifty day simple moving average of $55.75 and a 200-day simple moving average of $54.33.

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

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 6th. Investors of record on Monday, November 2nd were paid a $0.3885 dividend. This represents a $4.66 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend was Monday, November 2nd. This is a negative change from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3970.

Goldman Sachs S&P 500 Core Premium Income ETF 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.