Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Sets New 12-Month High – Time to Buy?

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $54.39 and last traded at $54.36, with a volume of 92468 shares traded. The stock had previously closed at $54.06.

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

The business has a fifty day moving average of $51.88 and a 200 day moving average of $52.38. The stock has a market cap of $3.73 billion, a PE ratio of 25.98 and a beta of 0.84.

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

The business also recently disclosed a dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were issued a dividend of $0.3831 per share. The ex-dividend date of this dividend was Friday, May 1st. This is an increase from Goldman Sachs S&P 500 Core Premium Income ETF’s previous dividend of $0.35.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. U.S. Capital Wealth Advisors LLC bought a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the fourth quarter valued at $1,534,000. Beacon Financial Advisory LLC boosted its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 147.1% during the third quarter. Beacon Financial Advisory LLC now owns 41,400 shares of the company’s stock valued at $2,162,000 after acquiring an additional 24,643 shares during the period. Berger Financial Group Inc acquired a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 4th quarter worth about $2,039,000. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 3rd quarter worth about $659,000. Finally, Envestnet Asset Management Inc. lifted its position in Goldman Sachs S&P 500 Core Premium Income ETF by 42.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 376,252 shares of the company’s stock valued at $19,652,000 after purchasing an additional 111,415 shares during the last quarter.

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.