Hidden Cove Wealth Management LLC Makes New Investment in Goldman Sachs S&P 500 Core Premium Income ETF $GPIX

Hidden Cove Wealth Management LLC bought a new position in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) in the 3rd quarter, Holdings Channel.com reports. The fund bought 12,788 shares of the company’s stock, valued at approximately $714,000.

Other hedge funds also recently bought and sold shares of the company. Highland Investment Advisors LLC purchased a new stake in Goldman Sachs S&P 500 Core Premium Income ETF in the 2nd quarter worth $34,000. Tsfg LLC bought a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the second quarter valued at about $45,000. Miller Global Investments LLC purchased a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the third quarter valued at about $112,000. International Assets Investment Management LLC lifted its position in shares of 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 in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 24.0% in the first quarter. Geneos Wealth Management Inc. now owns 2,859 shares of the company’s stock valued at $143,000 after acquiring an additional 554 shares in the last quarter.

Goldman Sachs S&P 500 Core Premium Income ETF Price Performance

Shares of NASDAQ GPIX traded up $0.22 during mid-day trading on Monday, reaching $55.82. The company’s stock had a trading volume of 1,096,208 shares, compared to its average volume of 936,431. The firm has a market capitalization of $6.21 billion, a PE ratio of 25.98 and a beta of 0.83. The stock has a fifty day moving average of $56.03 and a two-hundred day moving average of $55.03. Goldman Sachs S&P 500 Core Premium Income ETF has a 52 week low of $48.46 and a 52 week high of $56.74.

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

The firm also recently declared a monthly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, October 1st were issued a $0.3970 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $4.76 dividend on an annualized basis and a yield of 8.5%. This is a drop from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3974.

About Goldman Sachs S&P 500 Core Premium Income ETF

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.