Traynor Capital Management Inc. Buys 18,703 Shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF $GPIQ

Traynor Capital Management Inc. grew its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) by 184.6% during the 3rd quarter, Holdings Channel reports. The firm owned 28,832 shares of the company’s stock after purchasing an additional 18,703 shares during the quarter. Traynor Capital Management Inc.’s holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF were worth $1,672,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Highland Investment Advisors LLC acquired a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 2nd quarter worth about $36,000. Tsfg LLC purchased a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 2nd quarter valued at about $62,000. International Assets Investment Management LLC boosted its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 38.1% in the 1st quarter. International Assets Investment Management LLC now owns 1,450 shares of the company’s stock worth $72,000 after buying an additional 400 shares during the last quarter. Allworth Financial LP acquired a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 2nd quarter worth about $106,000. Finally, Fifth Third Bancorp increased its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 457.4% during the 1st quarter. Fifth Third Bancorp now owns 2,982 shares of the company’s stock worth $148,000 after buying an additional 2,447 shares in the last quarter.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Price Performance

Shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF stock opened at $54.29 on Monday. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 12 month low of $47.72 and a 12 month high of $59.83. The stock has a market capitalization of $6.24 billion, a P/E ratio of 33.26 and a beta of 1.03. The business has a 50 day simple moving average of $56.87 and a two-hundred day simple moving average of $55.24.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 6th. Stockholders of record on Monday, November 2nd will be issued a dividend of $0.4714 per share. The ex-dividend date of this dividend is Monday, November 2nd. This is a negative change from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.5088. This represents a $5.66 dividend on an annualized basis and a dividend yield of 10.4%.

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.