Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Sets New 52-Week High – Should You Buy?

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $55.24 and last traded at $55.24, with a volume of 36617 shares. The stock had previously closed at $54.89.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Price Performance

The company’s fifty day moving average is $51.61 and its 200-day moving average is $52.38. The stock has a market cap of $3.66 billion, a PE ratio of 33.26 and a beta of 0.95.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, April 1st were issued a dividend of $0.4319 per share. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend was Wednesday, April 1st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Integrity Investment Advisors LLC purchased a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the first quarter worth $604,000. Ascentis Independent Advisors raised its holdings in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 189.1% during the first quarter. Ascentis Independent Advisors now owns 36,026 shares of the company’s stock worth $1,783,000 after purchasing an additional 23,566 shares during the last quarter. Latitude Advisors LLC raised its holdings in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 40.1% during the first quarter. Latitude Advisors LLC now owns 10,868 shares of the company’s stock worth $538,000 after purchasing an additional 3,108 shares during the last quarter. Beacon Financial Advisory LLC increased its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 6.7% in the first quarter. Beacon Financial Advisory LLC now owns 31,970 shares of the company’s stock valued at $1,582,000 after buying an additional 2,019 shares in the last quarter. Finally, PFG Investments LLC increased its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 7.1% in the first quarter. PFG Investments LLC now owns 33,708 shares of the company’s stock valued at $1,668,000 after buying an additional 2,234 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.