Bayshore Capital Advisors LLC reduced its stake in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX – Free Report) by 42.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,000 shares of the company’s stock after selling 14,500 shares during the quarter. Goldman Sachs S&P 500 Core Premium Income ETF makes up approximately 0.6% of Bayshore Capital Advisors LLC’s investment portfolio, making the stock its 21st biggest position. Bayshore Capital Advisors LLC’s holdings in Goldman Sachs S&P 500 Core Premium Income ETF were worth $1,117,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Kintra Wealth LLC lifted its position in 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 valued at $27,771,000 after purchasing an additional 58,462 shares during the last quarter. NWF Advisory Services Inc. bought a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the second quarter worth approximately $612,000. SMART Wealth LLC increased its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 101.9% in the 2nd quarter. SMART Wealth LLC now owns 44,456 shares of the company’s stock worth $2,470,000 after purchasing an additional 22,435 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in Goldman Sachs S&P 500 Core Premium Income ETF by 232.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 29,182 shares of the company’s stock valued at $1,622,000 after buying an additional 20,398 shares in the last quarter. Finally, Capital Analysts LLC grew its position in Goldman Sachs S&P 500 Core Premium Income ETF by 13,429.5% during the second quarter. Capital Analysts LLC now owns 304,548 shares of the company’s stock valued at $16,924,000 after buying an additional 302,297 shares during the period.
Goldman Sachs S&P 500 Core Premium Income ETF Stock Performance
Shares of NASDAQ GPIX opened at $53.36 on Friday. The company has a market cap of $6.15 billion, a PE ratio of 25.98 and a beta of 0.83. The firm’s 50 day moving average price is $55.75 and its 200-day moving average price is $54.33. Goldman Sachs S&P 500 Core Premium Income ETF has a 52-week low of $48.46 and a 52-week high of $56.74.
Goldman Sachs S&P 500 Core Premium Income ETF Cuts Dividend
The business also recently announced a monthly dividend, which was paid on Friday, November 6th. Shareholders of record on Monday, November 2nd were issued a $0.3885 dividend. This represents a $4.66 dividend on an annualized basis and a yield of 8.7%. 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 was Monday, November 2nd.
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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