Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Hits New 52-Week High – What’s Next?

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $54.75 and last traded at $54.70, with a volume of 314635 shares trading hands. The stock had previously closed at $54.20.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Performance

The stock’s fifty day moving average price is $51.34 and its 200-day moving average price is $52.30. The firm has a market cap of $3.58 billion, a PE ratio of 33.26 and a beta of 0.95.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, April 1st were paid a $0.4319 dividend. This represents a c) dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend was Wednesday, April 1st.

Institutional Investors Weigh In On Goldman Sachs Nasdaq 100 Core Premium Income ETF

Several hedge funds have recently modified their holdings of GPIQ. Fifth Third Bancorp purchased a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the fourth quarter valued at approximately $28,000. Gilpin Wealth Management LLC purchased a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the fourth quarter valued at approximately $32,000. PNC Financial Services Group Inc. increased its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 131.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 660 shares of the company’s stock worth $35,000 after buying an additional 375 shares during the last quarter. Camelot Portfolios LLC bought a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the fourth quarter worth $49,000. Finally, Private Wealth Asset Management LLC bought a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the fourth quarter worth $55,000.

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.