Goldman Sachs S&P 500 Core Premium Income ETF $GPIX Stock: Lebenthal Global Advisors LLC Raises Holdings

Lebenthal Global Advisors LLC increased its position in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) by 568.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 532,188 shares of the company’s stock after purchasing an additional 452,550 shares during the quarter. Goldman Sachs S&P 500 Core Premium Income ETF accounts for 4.0% of Lebenthal Global Advisors LLC’s portfolio, making the stock its 6th biggest holding. Lebenthal Global Advisors LLC’s holdings in Goldman Sachs S&P 500 Core Premium Income ETF were worth $29,712,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Highland Investment Advisors LLC acquired a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the 2nd quarter worth approximately $34,000. Tsfg LLC acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF in the second quarter valued at approximately $45,000. Miller Global Investments LLC acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF in the third quarter valued at approximately $112,000. International Assets Investment Management LLC grew its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 877.6% in the first quarter. International Assets Investment Management LLC now owns 2,229 shares of the company’s stock valued at $111,000 after acquiring an additional 2,001 shares during the period. Finally, Essential Investment Partners LLC acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF in the third quarter valued at approximately $148,000.

Goldman Sachs S&P 500 Core Premium Income ETF Stock Down 1.6%

Shares of GPIX opened at $55.14 on Friday. The business’s fifty day moving average is $55.94 and its 200 day moving average is $54.30. Goldman Sachs S&P 500 Core Premium Income ETF has a 12-month low of $48.46 and a 12-month high of $56.74. The stock has a market cap of $6.30 billion, a P/E ratio of 25.98 and a beta of 0.83.

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

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.3970 per share. This is a decrease from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3974. This represents a $4.76 dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date was Thursday, October 1st.

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.