Milestone Asset Management LLC Makes New Investment in Goldman Sachs S&P 500 Core Premium Income ETF $GPIX

Milestone Asset Management LLC bought a new stake in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) during the third quarter, Holdings Channel reports. The institutional investor bought 38,990 shares of the company’s stock, valued at approximately $2,177,000.

Other hedge funds also recently bought and sold shares of the company. NWF Advisory Services Inc. bought a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the second quarter valued at about $612,000. SMART Wealth LLC lifted its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 101.9% in the second quarter. SMART Wealth LLC now owns 44,456 shares of the company’s stock worth $2,470,000 after buying an additional 22,435 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 232.2% in the second quarter. Concurrent Investment Advisors LLC now owns 29,182 shares of the company’s stock worth $1,622,000 after buying an additional 20,398 shares during the last quarter. Townsend Asset Management Corp NC ADV boosted its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 354.7% during the 1st quarter. Townsend Asset Management Corp NC ADV now owns 81,854 shares of the company’s stock worth $4,096,000 after acquiring an additional 63,854 shares in the last quarter. Finally, Kintra Wealth LLC boosted its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 13.5% during the 2nd quarter. Kintra Wealth LLC now owns 490,051 shares of the company’s stock worth $27,771,000 after acquiring an additional 58,462 shares in the last quarter.

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

Shares of NASDAQ GPIX opened at $56.10 on Friday. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 25.98 and a beta of 0.83. The business’s 50-day simple moving average is $56.05 and its 200-day simple moving average is $54.98. 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.

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

The business also recently announced a monthly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, October 1st were issued a $0.3970 dividend. This is a decrease from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3974. The ex-dividend date was Thursday, October 1st. This represents a $4.76 annualized dividend and a 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.