Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Reaches New 12-Month High Following Dividend Announcement

Shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) reached a new 52-week high during trading on Thursday following a dividend announcement from the company. The company traded as high as $55.24 and last traded at $55.24, with a volume of 36617 shares trading hands. The stock had previously closed at $54.89.

The newly announced dividend which will be paid on Thursday, May 7th. Shareholders of record on Friday, May 1st will be issued a dividend of $0.4833 per share. This represents a c) annualized dividend and a yield of 10.5%. The ex-dividend date is Friday, May 1st.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Price Performance

The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 33.26 and a beta of 0.95. The firm has a 50-day moving average price of $51.68 and a two-hundred day moving average price of $52.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC grew its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 389.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 134,283 shares of the company’s stock worth $7,044,000 after acquiring an additional 106,870 shares in the last quarter. Cornerstone Advisory LLC grew its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 43.0% during the 3rd quarter. Cornerstone Advisory LLC now owns 40,579 shares of the company’s stock worth $2,129,000 after acquiring an additional 12,199 shares in the last quarter. Semus Wealth Partners LLC grew its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 30.1% during the 3rd quarter. Semus Wealth Partners LLC now owns 77,413 shares of the company’s stock worth $4,061,000 after acquiring an additional 17,921 shares in the last quarter. Ethos Financial Group LLC bought a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 3rd quarter worth approximately $7,012,000. Finally, Winnow Wealth LLC bought a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 3rd quarter worth approximately $1,018,000.

About Goldman Sachs Nasdaq 100 Core Premium Income ETF

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.