Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Reaches New 12-Month High – Still a Buy?

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $55.06 and last traded at $54.99, with a volume of 773229 shares. The stock had previously closed at $54.91.

Goldman Sachs S&P 500 Core Premium Income ETF Trading Up 0.1%

The stock has a 50 day simple moving average of $51.96 and a 200 day simple moving average of $52.42. The stock has a market cap of $3.73 billion, a P/E ratio of 25.98 and a beta of 0.84.

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

The business also recently disclosed a dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were paid a dividend of $0.3831 per share. This is a boost from Goldman Sachs S&P 500 Core Premium Income ETF’s previous dividend of $0.35. The ex-dividend date was Friday, May 1st.

Hedge Funds Weigh In On Goldman Sachs S&P 500 Core Premium Income ETF

A number of hedge funds have recently added to or reduced their stakes in GPIX. Wolff Wiese Magana LLC boosted its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 163.2% in the 3rd quarter. Wolff Wiese Magana LLC now owns 487 shares of the company’s stock valued at $25,000 after purchasing an additional 302 shares in the last quarter. Manchester Capital Management LLC acquired a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 4th quarter valued at $30,000. Physician Wealth Advisors Inc. acquired a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 4th quarter valued at $31,000. Private Wealth Asset Management LLC acquired a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 4th quarter valued at $34,000. Finally, CoreCap Advisors LLC boosted its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 1,572.1% in the 4th quarter. CoreCap Advisors LLC now owns 719 shares of the company’s stock valued at $38,000 after purchasing an additional 676 shares in the last quarter.

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.