Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Hits New 12-Month High – Should You Buy?

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $57.81 and last traded at $57.75, with a volume of 1616604 shares changing hands. The stock had previously closed at $57.57.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Price Performance

The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 33.26 and a beta of 1.01. The business has a 50 day simple moving average of $52.17 and a 200-day simple moving average of $52.55.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were paid a $0.4833 dividend. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend was Friday, May 1st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signature Estate & Investment Advisors LLC grew its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1.1% in the third quarter. Signature Estate & Investment Advisors LLC now owns 17,220 shares of the company’s stock valued at $903,000 after acquiring an additional 194 shares during the period. Private Wealth Partners LLC grew its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 0.8% in the third quarter. Private Wealth Partners LLC now owns 30,250 shares of the company’s stock valued at $1,587,000 after acquiring an additional 250 shares during the period. Aurdan Capital Management LLC grew its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 0.4% in the third quarter. Aurdan Capital Management LLC now owns 68,455 shares of the company’s stock valued at $3,591,000 after acquiring an additional 268 shares during the period. Comprehensive Money Management Services LLC grew its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 3.9% in the fourth quarter. Comprehensive Money Management Services LLC now owns 7,359 shares of the company’s stock valued at $389,000 after acquiring an additional 275 shares during the period. Finally, Accurate Wealth Management LLC grew its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 6.9% in the fourth quarter. Accurate Wealth Management LLC now owns 4,447 shares of the company’s stock valued at $237,000 after acquiring an additional 288 shares during the period.

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.