Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Hits New 1-Year High – Time to Buy?

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $56.24 and last traded at $56.24, with a volume of 756082 shares. The stock had previously closed at $55.59.

Goldman Sachs S&P 500 Core Premium Income ETF Trading Down 0.2%

The firm has a fifty day moving average price of $55.22 and a 200 day moving average price of $53.56. The firm has a market cap of $5.09 billion, a PE ratio of 25.98 and a beta of 0.84.

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

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 7th. Investors of record on Monday, August 3rd will be given a dividend of $0.3916 per share. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date is Monday, August 3rd.

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

Institutional investors have recently bought and sold shares of the company. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the fourth quarter worth about $1,534,000. Fortis Capital Advisors LLC acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF in the fourth quarter valued at approximately $712,000. Berger Financial Group Inc purchased a new position in Goldman Sachs S&P 500 Core Premium Income ETF in the fourth quarter worth approximately $2,039,000. Townsend Asset Management Corp NC ADV purchased a new position in Goldman Sachs S&P 500 Core Premium Income ETF in the fourth quarter worth approximately $950,000. Finally, Requisite Capital Management LLC lifted its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 11.1% in the fourth quarter. Requisite Capital Management LLC now owns 2,271,312 shares of the company’s stock worth $119,925,000 after acquiring an additional 226,995 shares during the last quarter.

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.