Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Hits New 12-Month High – Should You Buy?

Shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) reached a new 52-week high on Tuesday . The company traded as high as $57.81 and last traded at $57.75, with a volume of 1616604 shares. The stock had previously closed at $57.57.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Up 0.3%

The company has a market cap of $3.98 billion, a P/E ratio of 33.26 and a beta of 1.01. The business has a 50-day moving average price of $52.17 and a two-hundred day moving average price of $52.55.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were issued a $0.4833 dividend. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date was Friday, May 1st.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signature Estate & Investment Advisors LLC increased its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1.1% in the third quarter. Signature Estate & Investment Advisors LLC now owns 17,220 shares of the company’s stock valued at $903,000 after purchasing an additional 194 shares during the last quarter. Private Wealth Partners LLC increased its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 0.8% in the third quarter. Private Wealth Partners LLC now owns 30,250 shares of the company’s stock valued at $1,587,000 after purchasing an additional 250 shares during the last quarter. Aurdan Capital Management LLC increased its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 0.4% in the third quarter. Aurdan Capital Management LLC now owns 68,455 shares of the company’s stock valued at $3,591,000 after purchasing an additional 268 shares during the last quarter. Comprehensive Money Management Services LLC increased its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 3.9% in the fourth quarter. Comprehensive Money Management Services LLC now owns 7,359 shares of the company’s stock valued at $389,000 after purchasing an additional 275 shares during the last quarter. Finally, Accurate Wealth Management LLC increased its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 6.9% in the fourth quarter. Accurate Wealth Management LLC now owns 4,447 shares of the company’s stock valued at $237,000 after purchasing an additional 288 shares during the last quarter.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Company 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.