Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Reaches New 1-Year High – Time to Buy?

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $55.93 and last traded at $55.86, with a volume of 179000 shares changing hands. The stock had previously closed at $55.75.

Goldman Sachs S&P 500 Core Premium Income ETF Stock Up 0.1%

The firm has a market cap of $3.81 billion, a PE ratio of 25.98 and a beta of 0.84. The firm’s fifty day simple moving average is $53.01 and its two-hundred day simple moving average is $52.69.

Goldman Sachs S&P 500 Core Premium Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were issued a dividend of $0.3831 per share. This is an increase from Goldman Sachs S&P 500 Core Premium Income ETF’s previous dividend of $0.35. The ex-dividend date of this dividend was Friday, May 1st.

Hedge Funds Weigh In On Goldman Sachs S&P 500 Core Premium Income ETF

Several large investors have recently added to or reduced their stakes in GPIX. Royal Bank of Canada lifted its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 419.4% during the first quarter. Royal Bank of Canada now owns 103,307 shares of the company’s stock valued at $4,815,000 after purchasing an additional 83,419 shares in the last quarter. Jane Street Group LLC lifted its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 857.0% during the first quarter. Jane Street Group LLC now owns 81,992 shares of the company’s stock valued at $3,822,000 after purchasing an additional 73,424 shares in the last quarter. Cerity Partners LLC purchased a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the second quarter valued at approximately $347,000. Raymond James Financial Inc. purchased a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the second quarter valued at approximately $1,577,000. Finally, White Knight Strategic Wealth Advisors LLC lifted its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 7.2% during the second quarter. White Knight Strategic Wealth Advisors LLC now owns 15,360 shares of the company’s stock valued at $765,000 after purchasing an additional 1,026 shares in the last quarter.

Goldman Sachs S&P 500 Core Premium Income ETF Company Profile

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.