1,131,211 Shares in Goldman Sachs S&P 500 Core Premium Income ETF $GPIX Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC bought a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) in the 3rd quarter, Holdings Channel.com reports. The firm bought 1,131,211 shares of the company’s stock, valued at approximately $63,155,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE raised its position 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 acquiring an additional 523,224 shares during the period. Cornerstone Advisory LLC grew its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 19.6% during 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 period. SK Wealth Management LLC grew its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 4.4% during the 1st 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 during the period. Lebenthal Global Advisors LLC increased its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 568.3% in the 3rd quarter. Lebenthal Global Advisors LLC now owns 532,188 shares of the company’s stock worth $29,712,000 after purchasing an additional 452,550 shares in the last quarter. Finally, Modern Wealth Management LLC increased its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 127.3% in the 1st quarter. Modern Wealth Management LLC now owns 582,931 shares of the company’s stock worth $29,147,000 after purchasing an additional 326,488 shares in the last quarter.

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

Shares of Goldman Sachs S&P 500 Core Premium Income ETF stock opened at $53.36 on Friday. The stock has a market cap of $6.25 billion, a P/E ratio of 25.98 and a beta of 0.83. The stock’s fifty day moving average is $55.75 and its 200 day moving average is $54.33. Goldman Sachs S&P 500 Core Premium Income ETF has a one year low of $48.46 and a one year high of $56.74.

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

The business also recently declared a monthly dividend, which was paid on Friday, November 6th. Shareholders of record on Monday, November 2nd were given a $0.3885 dividend. The ex-dividend date was Monday, November 2nd. This is a negative change from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3970. This represents a $4.66 dividend on an annualized basis and a yield of 8.7%.

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.