Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $54.33 and traded as low as $53.17. Goldman Sachs S&P 500 Core Premium Income ETF shares last traded at $53.2090, with a volume of 2,391,770 shares trading hands.
Goldman Sachs S&P 500 Core Premium Income ETF Price Performance
The business has a fifty day moving average price of $55.81 and a 200 day moving average price of $54.33. The company has a market capitalization of $6.13 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 firm also recently declared a monthly dividend, which will be paid on Friday, November 6th. Shareholders of record on Monday, November 2nd will be issued a $0.3885 dividend. This is a drop from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3970. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $4.66 annualized dividend and a yield of 8.8%.
Hedge Funds Weigh In On Goldman Sachs S&P 500 Core Premium Income ETF
Hedge funds have recently modified their holdings of the stock. Kintra Wealth LLC grew its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 13.5% in the 2nd quarter. Kintra Wealth LLC now owns 490,051 shares of the company’s stock worth $27,771,000 after purchasing an additional 58,462 shares during the last quarter. NWF Advisory Services Inc. acquired a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the 2nd quarter worth about $612,000. SMART Wealth LLC lifted its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 101.9% during the 2nd quarter. SMART Wealth LLC now owns 44,456 shares of the company’s stock valued at $2,470,000 after purchasing an additional 22,435 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 232.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 29,182 shares of the company’s stock valued at $1,622,000 after purchasing an additional 20,398 shares during the last quarter. Finally, Capital Analysts LLC lifted its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 13,429.5% during the 2nd quarter. Capital Analysts LLC now owns 304,548 shares of the company’s stock valued at $16,924,000 after purchasing an additional 302,297 shares during the last quarter.
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.
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