Goldman Sachs S&P 500 Core Premium Income ETF $GPIX Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC increased its stake in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) by 35,208.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 914,832 shares of the company’s stock after purchasing an additional 912,241 shares during the period. Goldman Sachs S&P 500 Core Premium Income ETF accounts for about 0.7% of Parallel Advisors LLC’s portfolio, making the stock its 22nd largest position. Parallel Advisors LLC owned about 0.79% of Goldman Sachs S&P 500 Core Premium Income ETF worth $51,075,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of GPIX. Highland Investment Advisors LLC purchased a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the second quarter worth $34,000. Tsfg LLC purchased a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the second quarter valued at $45,000. Miller Global Investments LLC purchased a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the third quarter valued at $112,000. International Assets Investment Management LLC grew its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 877.6% during the first quarter. International Assets Investment Management LLC now owns 2,229 shares of the company’s stock valued at $111,000 after buying an additional 2,001 shares during the last quarter. Finally, Essential Investment Partners LLC acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 3rd quarter valued at $148,000.

Goldman Sachs S&P 500 Core Premium Income ETF Price Performance

GPIX traded up $0.16 on Friday, reaching $53.36. 1,625,286 shares of the stock were exchanged, compared to its average volume of 965,396. The company’s 50-day moving average price is $55.75 and its 200 day moving average price is $54.33. Goldman Sachs S&P 500 Core Premium Income ETF has a fifty-two week low of $48.46 and a fifty-two week high of $56.74. The firm has a market capitalization of $6.15 billion, a PE ratio of 25.98 and a beta of 0.83.

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

The company also recently announced a monthly dividend, which was paid on Friday, November 6th. Investors of record on Monday, November 2nd were issued a dividend of $0.3885 per share. This represents a $4.66 dividend on an annualized basis and a dividend yield of 8.7%. This is a negative change from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3970. The ex-dividend date of this dividend was Monday, November 2nd.

Goldman Sachs S&P 500 Core Premium Income ETF 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.