Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Sees Large Volume Increase – Here’s Why

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) saw an uptick in trading volume on Friday . 605,724 shares were traded during trading, an increase of 43% from the previous session’s volume of 423,148 shares.The stock last traded at $52.4250 and had previously closed at $52.35.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Performance

The company has a market cap of $1.96 billion, a PE ratio of 33.26 and a beta of 0.95. The stock has a fifty day moving average of $52.48 and a 200-day moving average of $50.11.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 7th. Stockholders of record on Monday, November 3rd were given a $0.4737 dividend. This represents a c) annualized dividend and a dividend yield of 10.8%. The ex-dividend date of this dividend was Monday, November 3rd. This is a positive change from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.46.

Hedge Funds Weigh In On Goldman Sachs Nasdaq 100 Core Premium Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. lifted its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 32.9% during the first quarter. Stratos Wealth Partners LTD. now owns 5,600 shares of the company’s stock valued at $250,000 after buying an additional 1,385 shares during the last quarter. Private Advisor Group LLC lifted its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 461.0% during the first quarter. Private Advisor Group LLC now owns 152,475 shares of the company’s stock valued at $6,800,000 after acquiring an additional 125,294 shares during the last quarter. Cornerstone Advisory LLC boosted its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1.7% in the first quarter. Cornerstone Advisory LLC now owns 24,111 shares of the company’s stock valued at $1,080,000 after acquiring an additional 414 shares in the last quarter. Semus Wealth Partners LLC grew its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 16.9% in the first quarter. Semus Wealth Partners LLC now owns 56,314 shares of the company’s stock worth $2,512,000 after purchasing an additional 8,122 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 46.1% during the first quarter. LPL Financial LLC now owns 577,710 shares of the company’s stock worth $25,766,000 after purchasing an additional 182,263 shares in the last quarter.

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.