Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Reaches New 12-Month High – Here’s Why

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $55.63 and last traded at $55.61, with a volume of 483386 shares trading hands. The stock had previously closed at $55.27.

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

The firm’s 50 day moving average is $52.45 and its two-hundred day moving average is $52.54. The stock has a market capitalization of $3.77 billion, a PE ratio of 25.98 and a beta of 0.84.

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

The firm also recently announced a dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were paid a dividend of $0.3831 per share. The ex-dividend date of this dividend was Friday, May 1st. This is an increase from Goldman Sachs S&P 500 Core Premium Income ETF’s previous dividend of $0.35.

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

Large investors have recently added to or reduced their stakes in the business. Manchester Capital Management LLC purchased a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the 4th quarter worth approximately $30,000. Physician Wealth Advisors Inc. purchased a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 4th quarter valued at $31,000. Private Wealth Asset Management LLC purchased a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 4th quarter valued at $34,000. CoreCap Advisors LLC grew its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 1,572.1% in the 4th quarter. CoreCap Advisors LLC now owns 719 shares of the company’s stock valued at $38,000 after buying an additional 676 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the 3rd quarter worth $42,000.

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.