M Holdings Securities Inc. decreased its holdings in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX – Free Report) by 51.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,445 shares of the company’s stock after selling 48,265 shares during the period. M Holdings Securities Inc.’s holdings in Goldman Sachs S&P 500 Core Premium Income ETF were worth $2,503,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Highland Investment Advisors LLC purchased a new position in Goldman Sachs S&P 500 Core Premium Income ETF in the 2nd quarter worth $34,000. Tsfg LLC bought a new stake in Goldman Sachs S&P 500 Core Premium Income ETF in the second quarter worth $45,000. Miller Global Investments LLC bought a new stake in Goldman Sachs S&P 500 Core Premium Income ETF in the third quarter worth $112,000. International Assets Investment Management LLC boosted its position in Goldman Sachs S&P 500 Core Premium Income ETF by 877.6% during the first quarter. International Assets Investment Management LLC now owns 2,229 shares of the company’s stock valued at $111,000 after buying an additional 2,001 shares during the period. Finally, Essential Investment Partners LLC purchased a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the third quarter valued at about $148,000.
Goldman Sachs S&P 500 Core Premium Income ETF Stock Performance
Shares of NASDAQ:GPIX opened at $53.36 on Monday. The stock’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 12-month low of $48.46 and a 12-month high of $56.74. The stock has a market capitalization of $6.25 billion, a P/E ratio of 25.98 and a beta of 0.83.
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. Stockholders of record on Monday, November 2nd were paid 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 was Monday, November 2nd. This represents a $4.66 dividend on an annualized basis and a dividend yield of 8.7%.
About Goldman Sachs S&P 500 Core Premium Income ETF
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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