Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Reaches New 52-Week High – Should You Buy?

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $53.50 and last traded at $53.5370, with a volume of 22572 shares changing hands. The stock had previously closed at $53.41.

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

The business has a fifty day moving average price of $52.80 and a two-hundred day moving average price of $51.91. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 25.98 and a beta of 0.84.

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

The company also recently disclosed a monthly dividend, which was paid on Thursday, January 8th. Investors of record on Friday, January 2nd were issued a $0.3755 dividend. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date was Friday, January 2nd.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Register Financial Advisors LLC increased its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 4.4% in the fourth quarter. Register Financial Advisors LLC now owns 4,740 shares of the company’s stock valued at $250,000 after buying an additional 200 shares in the last quarter. Balboa Wealth Partners increased its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 3.0% in the 2nd quarter. Balboa Wealth Partners now owns 7,470 shares of the company’s stock valued at $372,000 after purchasing an additional 220 shares in the last quarter. Next Level Private LLC raised its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 1.9% during the third quarter. Next Level Private LLC now owns 14,084 shares of the company’s stock worth $735,000 after purchasing an additional 264 shares during the last quarter. Moseley Investment Management Inc. boosted its position in Goldman Sachs S&P 500 Core Premium Income ETF by 4.0% during the second quarter. Moseley Investment Management Inc. now owns 7,262 shares of the company’s stock worth $362,000 after purchasing an additional 281 shares in the last quarter. Finally, Saxony Capital Management LLC boosted its position in Goldman Sachs S&P 500 Core Premium Income ETF by 4.7% during the fourth quarter. Saxony Capital Management LLC now owns 6,511 shares of the company’s stock worth $344,000 after purchasing an additional 294 shares in 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.