Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX – Get Free Report) crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $55.95 and traded as high as $56.13. Goldman Sachs S&P 500 Core Premium Income ETF shares last traded at $56.06, with a volume of 934,423 shares trading hands.
Goldman Sachs S&P 500 Core Premium Income ETF Stock Performance
The business’s 50 day moving average price is $55.95 and its 200-day moving average price is $54.29. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of 25.98 and a beta of 0.83.
Goldman Sachs S&P 500 Core Premium Income ETF Cuts Dividend
The company also recently declared a monthly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, October 1st were given a dividend of $0.3970 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $4.76 annualized dividend and a dividend yield of 8.5%. This is a decrease from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3974.
Hedge Funds Weigh In On Goldman Sachs S&P 500 Core Premium Income ETF
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 21.5% during the first quarter. Bank of America Corp DE now owns 2,957,052 shares of the company’s stock worth $147,971,000 after acquiring an additional 523,224 shares during the last quarter. Cornerstone Advisory LLC raised its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 19.6% during the 1st quarter. Cornerstone Advisory LLC now owns 1,599,317 shares of the company’s stock worth $80,030,000 after buying an additional 262,596 shares in the last quarter. SK Wealth Management LLC lifted its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 4.4% in the 1st quarter. SK Wealth Management LLC now owns 909,777 shares of the company’s stock worth $45,753,000 after acquiring an additional 38,055 shares during the period. Modern Wealth Management LLC lifted its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 127.3% in the 1st quarter. Modern Wealth Management LLC now owns 582,931 shares of the company’s stock worth $29,147,000 after acquiring an additional 326,488 shares during the period. Finally, Lebenthal Global Advisors LLC lifted its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 568.3% in the 3rd quarter. Lebenthal Global Advisors LLC now owns 532,188 shares of the company’s stock worth $29,712,000 after acquiring an additional 452,550 shares during the period.
Goldman Sachs S&P 500 Core Premium Income ETF Company Profile
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.
Further Reading
- Five stocks we like better than Goldman Sachs S&P 500 Core Premium Income ETF
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & Ratings for Goldman Sachs S&P 500 Core Premium Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs S&P 500 Core Premium Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
