GGM Financials LLC Sells 11,050 Shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF $GPIQ

GGM Financials LLC lowered its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) by 2.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 363,575 shares of the company’s stock after selling 11,050 shares during the quarter. Goldman Sachs Nasdaq 100 Core Premium Income ETF makes up approximately 9.6% of GGM Financials LLC’s portfolio, making the stock its 3rd largest holding. GGM Financials LLC’s holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF were worth $19,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in GPIQ. HighTower Advisors LLC lifted its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 4.1% in the 3rd quarter. HighTower Advisors LLC now owns 907,458 shares of the company’s stock worth $47,605,000 after purchasing an additional 35,653 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 2nd quarter worth $43,932,000. Wealth Enhancement Advisory Services LLC grew its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 375.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 594,072 shares of the company’s stock valued at $31,064,000 after buying an additional 469,088 shares during the last quarter. Mirae Asset Securities USA Inc. acquired a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 2nd quarter valued at $15,939,000. Finally, Patten & Patten Inc. TN raised its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 24.0% in the 3rd quarter. Patten & Patten Inc. TN now owns 226,689 shares of the company’s stock worth $11,892,000 after acquiring an additional 43,930 shares during the period.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Price Performance

GPIQ stock opened at $51.96 on Wednesday. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 33.26 and a beta of 0.95. The company has a 50-day moving average of $52.66 and a two-hundred day moving average of $52.32. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 52-week low of $38.13 and a 52-week high of $54.63.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were issued a $0.4655 dividend. This is an increase from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.46. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 10.8%.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Profile

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.