Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Hits New 12-Month High – Should You Buy?

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $55.80 and last traded at $55.73, with a volume of 1170254 shares trading hands. The stock had previously closed at $55.17.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Performance

The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 33.26 and a beta of 1.01. The firm’s fifty day simple moving average is $51.76 and its 200 day simple moving average is $52.43.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 7th. Stockholders of record on Friday, May 1st will be given a dividend of $0.4833 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 10.4%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Signature Estate & Investment Advisors LLC lifted its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1.1% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 17,220 shares of the company’s stock valued at $903,000 after acquiring an additional 194 shares in the last quarter. Private Wealth Partners LLC boosted its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 0.8% in the 3rd quarter. Private Wealth Partners LLC now owns 30,250 shares of the company’s stock worth $1,587,000 after purchasing an additional 250 shares during the period. Aurdan Capital Management LLC boosted its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 0.4% in the 3rd quarter. Aurdan Capital Management LLC now owns 68,455 shares of the company’s stock worth $3,591,000 after purchasing an additional 268 shares during the period. Comprehensive Money Management Services LLC increased its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 3.9% during the 4th quarter. Comprehensive Money Management Services LLC now owns 7,359 shares of the company’s stock worth $389,000 after purchasing an additional 275 shares in the last quarter. Finally, Accurate Wealth Management LLC increased its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 6.9% during the 4th quarter. Accurate Wealth Management LLC now owns 4,447 shares of the company’s stock worth $237,000 after purchasing an additional 288 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.