M Holdings Securities Inc. Acquires New Shares in Goldman Sachs Nasdaq 100 Core Premium Income ETF $GPIQ

M Holdings Securities Inc. acquired a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,474 shares of the company’s stock, valued at approximately $2,679,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Triumph Capital Management grew its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 0.6% in the 3rd quarter. Triumph Capital Management now owns 30,761 shares of the company’s stock worth $1,784,000 after purchasing an additional 194 shares during the period. CWA Asset Management Group LLC raised its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 2.7% during the 3rd quarter. CWA Asset Management Group LLC now owns 7,841 shares of the company’s stock valued at $455,000 after buying an additional 204 shares during the last quarter. Graney & King LLC raised its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1.1% during the 1st quarter. Graney & King LLC now owns 24,573 shares of the company’s stock valued at $1,216,000 after buying an additional 275 shares during the last quarter. Gilpin Wealth Management LLC lifted its holdings in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 12.1% during the 3rd quarter. Gilpin Wealth Management LLC now owns 3,084 shares of the company’s stock valued at $179,000 after buying an additional 334 shares during the period. Finally, Meadowbrook Wealth Management LLC lifted its holdings in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1.7% during the 3rd quarter. Meadowbrook Wealth Management LLC now owns 21,787 shares of the company’s stock valued at $1,251,000 after buying an additional 373 shares during the period.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Price Performance

NASDAQ GPIQ opened at $51.26 on Monday. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 33.26 and a beta of 1.06. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 1-year low of $47.72 and a 1-year high of $59.83. The business’s fifty day moving average price is $56.45 and its 200-day moving average price is $55.23.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 6th. Investors of record on Monday, November 2nd were given a dividend of $0.4714 per share. This represents a $5.66 dividend on an annualized basis and a yield of 11.0%. This is a drop from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.5088. The ex-dividend date was Monday, November 2nd.

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.