Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Sees Strong Trading Volume – What’s Next?

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ – Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 590,704 shares changed hands during mid-day trading, a decline of 51% from the previous session’s volume of 1,209,496 shares.The stock last traded at $55.55 and had previously closed at $55.18.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Performance

The company has a market cap of $4.89 billion, a price-to-earnings ratio of 33.26 and a beta of 1.02. The company has a 50-day simple moving average of $57.83 and a 200-day simple moving average of $54.41.

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Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, July 1st were given a $0.5191 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 11.4%.

Hedge Funds Weigh In On Goldman Sachs Nasdaq 100 Core Premium Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Strategic Blueprint LLC lifted its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 111.9% during the 4th quarter. Strategic Blueprint LLC now owns 29,396 shares of the company’s stock valued at $1,554,000 after acquiring an additional 15,521 shares during the period. Stratos Wealth Partners LTD. grew its holdings in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 60.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 50,964 shares of the company’s stock worth $2,694,000 after acquiring an additional 19,108 shares during the period. Capital Investment Advisory Services LLC increased its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 191.8% in the 4th quarter. Capital Investment Advisory Services LLC now owns 24,107 shares of the company’s stock valued at $1,275,000 after purchasing an additional 15,846 shares in the last quarter. Truist Financial Corp increased its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 57.4% in the 4th quarter. Truist Financial Corp now owns 171,363 shares of the company’s stock valued at $9,060,000 after purchasing an additional 62,488 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 202.9% during the fourth quarter. Spire Wealth Management now owns 18,915 shares of the company’s stock worth $1,000,000 after purchasing an additional 12,670 shares during the last quarter.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Company Profile

(Get Free Report)

The Goldman Sachs Nasdaq 100 Core Premium Income ETF (GPIQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF that primarily involves stocks within the Nasdaq-100. Combining equity investments with a call strategy, the fund seeks to generate stable income while offering potential for capital growth GPIQ was launched on Oct 24, 2023 and is issued by Goldman Sachs.

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