Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Reaches New 12-Month High – Still a Buy?

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) hit a new 52-week high during trading on Tuesday . The stock traded as high as $55.06 and last traded at $54.99, with a volume of 773229 shares trading hands. The stock had previously closed at $54.91.

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

The firm has a 50-day moving average of $51.96 and a 200 day moving average of $52.42. The stock has a market capitalization of $3.73 billion, a price-to-earnings 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 disclosed a dividend, which was paid on Thursday, May 7th. Stockholders of record on Friday, May 1st were given a $0.3831 dividend. The ex-dividend date of this dividend was Friday, May 1st. This is a positive change from Goldman Sachs S&P 500 Core Premium Income ETF’s previous dividend of $0.35.

Institutional Trading of Goldman Sachs S&P 500 Core Premium Income ETF

Hedge funds have recently made changes to their positions in the business. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the fourth quarter valued at approximately $1,534,000. Beacon Financial Advisory LLC lifted its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 147.1% in the third quarter. Beacon Financial Advisory LLC now owns 41,400 shares of the company’s stock valued at $2,162,000 after buying an additional 24,643 shares during the last quarter. Berger Financial Group Inc acquired a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the fourth quarter valued at approximately $2,039,000. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the third quarter valued at approximately $659,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 42.1% in the third quarter. Envestnet Asset Management Inc. now owns 376,252 shares of the company’s stock valued at $19,652,000 after buying an additional 111,415 shares during the last quarter.

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.