Goldman Sachs S&P 500 Core Premium Income ETF $GPIX Shares Sold by Cascade Investment Group Inc.

Cascade Investment Group Inc. reduced its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) by 51.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,441 shares of the company’s stock after selling 14,292 shares during the quarter. Cascade Investment Group Inc.’s holdings in Goldman Sachs S&P 500 Core Premium Income ETF were worth $750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of GPIX. NWF Advisory Services Inc. bought a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the 2nd quarter valued at $612,000. SMART Wealth LLC lifted its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 101.9% during the 2nd quarter. SMART Wealth LLC now owns 44,456 shares of the company’s stock worth $2,470,000 after purchasing an additional 22,435 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 232.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 29,182 shares of the company’s stock worth $1,622,000 after purchasing an additional 20,398 shares in the last quarter. Townsend Asset Management Corp NC ADV boosted its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 354.7% in the 1st quarter. Townsend Asset Management Corp NC ADV now owns 81,854 shares of the company’s stock worth $4,096,000 after purchasing an additional 63,854 shares during the period. Finally, Hixon Zuercher LLC bought a new position in Goldman Sachs S&P 500 Core Premium Income ETF in the 1st quarter worth about $507,000.

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

GPIX stock traded down $0.07 during mid-day trading on Tuesday, reaching $56.37. 414,749 shares of the company traded hands, compared to its average volume of 928,299. The company has a market capitalization of $6.14 billion, a P/E ratio of 25.98 and a beta of 0.83. Goldman Sachs S&P 500 Core Premium Income ETF has a 52-week low of $48.46 and a 52-week high of $56.74. The company has a fifty day moving average price of $56.05 and a 200-day moving average price of $54.85.

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

The company also recently declared a monthly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, October 1st were issued a $0.3970 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3974. This represents a $4.76 dividend on an annualized basis and a dividend yield of 8.5%.

About Goldman Sachs S&P 500 Core Premium Income ETF

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.