Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $55.24 and traded as low as $53.73. Goldman Sachs Nasdaq 100 Core Premium Income ETF shares last traded at $54.29, with a volume of 4,760,247 shares.
Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Performance
The firm has a market cap of $6.24 billion, a P/E ratio of 33.26 and a beta of 1.03. The stock’s 50-day moving average is $56.87 and its 200 day moving average is $55.24.
Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend
The company also recently announced a monthly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, October 1st were paid a $0.5088 dividend. This is a positive change from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.4968. The ex-dividend date was Thursday, October 1st. This represents a $6.11 dividend on an annualized basis and a yield of 11.2%.
Institutional Investors Weigh In On Goldman Sachs Nasdaq 100 Core Premium Income ETF
A number of institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1.2% during the 1st quarter. Bank of America Corp DE now owns 1,786,695 shares of the company’s stock worth $88,424,000 after purchasing an additional 21,762 shares during the last quarter. Requisite Capital Management LLC grew its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 0.3% during the second quarter. Requisite Capital Management LLC now owns 1,581,010 shares of the company’s stock valued at $93,770,000 after buying an additional 4,822 shares during the period. Royal Bank of Canada increased its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 24.5% during the first quarter. Royal Bank of Canada now owns 573,737 shares of the company’s stock valued at $28,395,000 after acquiring an additional 112,957 shares during the last quarter. Ellis Investment Partners LLC lifted its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 8.6% in the third quarter. Ellis Investment Partners LLC now owns 266,957 shares of the company’s stock valued at $15,478,000 after buying an additional 21,064 shares during the last quarter. Finally, American National Bank & Trust acquired a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 3rd quarter worth about $14,414,000.
Goldman Sachs Nasdaq 100 Core Premium Income ETF Company Profile
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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