Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Shares Cross Below 200-Day Moving Average – What’s Next?

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $55.24 and traded as low as $53.73. Goldman Sachs Nasdaq 100 Core Premium Income ETF shares last traded at $54.29, with a volume of 4,760,247 shares.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Performance

The company has a 50-day moving average of $56.87 and a 200-day moving average of $55.24. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of 33.26 and a beta of 1.03.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, October 1st were issued a $0.5088 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is an increase from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.4968. This represents a $6.11 dividend on an annualized basis and a dividend yield of 11.2%.

Institutional Investors Weigh In On Goldman Sachs Nasdaq 100 Core Premium Income ETF

Several hedge funds have recently modified their holdings of the stock. NBZ Investment Advisors LLC purchased a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 3rd quarter valued at $1,290,000. Compass Financial Management LLC increased its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 5.6% in the 3rd quarter. Compass Financial Management LLC now owns 55,536 shares of the company’s stock valued at $3,220,000 after buying an additional 2,953 shares during the period. IPG Investment Advisors LLC purchased a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 3rd quarter worth $203,000. XML Financial LLC raised its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 3.9% during the 3rd quarter. XML Financial LLC now owns 165,367 shares of the company’s stock worth $9,588,000 after buying an additional 6,150 shares during the last quarter. Finally, Capital CS Group LLC purchased a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 3rd quarter worth $236,000.

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.