Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Hits New 1-Year High – Time to Buy?

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX – Get Free Report)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $55.93 and last traded at $55.86, with a volume of 179000 shares. The stock had previously closed at $55.75.

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

The business has a 50 day moving average price of $52.81 and a 200 day moving average price of $52.64. The firm has a market capitalization of $3.80 billion, a P/E ratio of 25.98 and a beta of 0.84.

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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 paid a $0.3831 dividend. The ex-dividend date was Friday, May 1st. This is a boost from Goldman Sachs S&P 500 Core Premium Income ETF’s previous dividend of $0.35.

Hedge Funds Weigh In On Goldman Sachs S&P 500 Core Premium Income ETF

A number of institutional investors have recently made changes to their positions in the business. Next Level Private LLC increased its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 1.3% in the first quarter. Next Level Private LLC now owns 15,288 shares of the company’s stock worth $765,000 after purchasing an additional 191 shares during the period. Register Financial Advisors LLC increased its stake in shares of 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 worth $250,000 after purchasing an additional 200 shares during the period. Pasadena Private Wealth LLC increased its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 1.9% in the fourth quarter. Pasadena Private Wealth LLC now owns 10,871 shares of the company’s stock worth $574,000 after purchasing an additional 200 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 1.4% in the first quarter. Nations Financial Group Inc. IA ADV now owns 14,829 shares of the company’s stock worth $742,000 after purchasing an additional 200 shares during the period. Finally, Axxcess Wealth Management LLC increased its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 2.6% in the first quarter. Axxcess Wealth Management LLC now owns 8,379 shares of the company’s stock worth $419,000 after purchasing an additional 215 shares during the period.

About Goldman Sachs S&P 500 Core Premium Income ETF

(Get Free Report)

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.

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