Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Hits New 1-Year High – Time to Buy?

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ)’s share price reached a new 52-week high on Monday . The stock traded as high as $59.76 and last traded at $59.59, with a volume of 229284 shares. The stock had previously closed at $59.39.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Trading Down 0.0%

The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 33.26 and a beta of 1.03. The firm’s 50 day moving average is $56.65 and its two-hundred day moving average is $53.65.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, June 1st were paid a $0.5192 dividend. This represents a c) dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.48.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GPIQ. Comprehensive Money Management Services LLC raised its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 3.9% during the fourth quarter. Comprehensive Money Management Services LLC now owns 7,359 shares of the company’s stock worth $389,000 after purchasing an additional 275 shares in the last quarter. Graney & King LLC raised its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1.1% during the 1st quarter. Graney & King LLC now owns 24,573 shares of the company’s stock worth $1,216,000 after buying an additional 275 shares during the period. Accurate Wealth Management LLC boosted its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 6.9% in the 4th quarter. Accurate Wealth Management LLC now owns 4,447 shares of the company’s stock worth $237,000 after purchasing an additional 288 shares during the period. CWA Asset Management Group LLC grew its holdings in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 2.7% during the fourth quarter. CWA Asset Management Group LLC now owns 11,661 shares of the company’s stock valued at $617,000 after buying an additional 303 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its holdings in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1.7% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 18,336 shares of the company’s stock valued at $907,000 after purchasing an additional 306 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.