Goldman Sachs S&P 500 Core Premium Income ETF $GPIX Stock: Founders Financial Securities LLC Decreases Stake

Founders Financial Securities LLC cut its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) by 45.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,688 shares of the company’s stock after selling 48,736 shares during the quarter. Founders Financial Securities LLC’s holdings in Goldman Sachs S&P 500 Core Premium Income ETF were worth $3,277,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 21.5% in the first quarter. Bank of America Corp DE now owns 2,957,052 shares of the company’s stock worth $147,971,000 after purchasing an additional 523,224 shares in the last quarter. Cornerstone Advisory LLC boosted its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 19.6% in the 1st quarter. Cornerstone Advisory LLC now owns 1,599,317 shares of the company’s stock valued at $80,030,000 after acquiring an additional 262,596 shares during the last quarter. SK Wealth Management LLC raised its position in Goldman Sachs S&P 500 Core Premium Income ETF by 4.4% during the first quarter. SK Wealth Management LLC now owns 909,777 shares of the company’s stock valued at $45,753,000 after acquiring an additional 38,055 shares in the last quarter. Modern Wealth Management LLC boosted its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 127.3% during the first quarter. Modern Wealth Management LLC now owns 582,931 shares of the company’s stock worth $29,147,000 after buying an additional 326,488 shares in the last quarter. Finally, Kintra Wealth LLC grew its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 13.5% in the second quarter. Kintra Wealth LLC now owns 490,051 shares of the company’s stock valued at $27,771,000 after purchasing an additional 58,462 shares during the period.

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

Shares of Goldman Sachs S&P 500 Core Premium Income ETF stock opened at $56.06 on Friday. Goldman Sachs S&P 500 Core Premium Income ETF has a 1-year low of $48.46 and a 1-year high of $56.74. The stock has a market cap of $6.40 billion, a P/E ratio of 25.98 and a beta of 0.83. The stock’s 50 day simple moving average is $55.95 and its 200-day simple moving average is $54.29.

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 given a dividend of $0.3970 per share. This represents a $4.76 annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend was Thursday, October 1st. This is a drop from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3974.

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.