Envestnet Asset Management Inc. Invests $4.75 Million in Goldman Sachs Nasdaq 100 Core Premium Income ETF $GPIQ

Envestnet Asset Management Inc. bought a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 95,338 shares of the company’s stock, valued at approximately $4,749,000.

Several other hedge funds have also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the second quarter valued at approximately $25,000. Harbour Investments Inc. purchased a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 1st quarter valued at $93,000. Farther Finance Advisors LLC acquired a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 2nd quarter valued at $110,000. Manchester Capital Management LLC acquired a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 1st quarter valued at $183,000. Finally, Latitude Advisors LLC purchased a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 2nd quarter worth $222,000.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Trading Down 1.7%

Shares of NASDAQ GPIQ opened at $52.35 on Friday. The stock has a fifty day moving average price of $52.48 and a 200 day moving average price of $50.11. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 12-month low of $38.13 and a 12-month high of $54.63. The company has a market cap of $1.95 billion, a P/E ratio of 33.26 and a beta of 0.95.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 7th. Stockholders of record on Monday, November 3rd were paid a $0.4737 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%. This is an increase from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.46. The ex-dividend date was Monday, November 3rd.

Goldman Sachs Nasdaq 100 Core Premium Income ETF 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.