Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Sees Large Volume Increase – Here’s Why

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) saw unusually-high trading volume on Friday . Approximately 353,672 shares changed hands during trading, a decline of 28% from the previous session’s volume of 491,487 shares.The stock last traded at $52.90 and had previously closed at $52.87.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Performance

The business has a 50-day simple moving average of $52.95 and a two-hundred day simple moving average of $51.52. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 33.26 and a beta of 0.95.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Friday, January 2nd will be issued a $0.4633 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a c) annualized dividend and a dividend yield of 10.6%.

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

A number of hedge funds have recently added to or reduced their stakes in GPIQ. Royal Bank of Canada increased its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1,254.0% during the 1st quarter. Royal Bank of Canada now owns 15,368 shares of the company’s stock worth $685,000 after purchasing an additional 14,233 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 8.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,958,412 shares of the company’s stock valued at $87,345,000 after buying an additional 152,942 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the first quarter worth $917,000. Jane Street Group LLC purchased a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the first quarter worth $1,484,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the second quarter valued at $25,000.

About Goldman Sachs Nasdaq 100 Core Premium Income ETF

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.