Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Hits New 52-Week High – Should You Buy?

Shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) hit a new 52-week high on Monday . The company traded as high as $59.76 and last traded at $59.59, with a volume of 229284 shares trading hands. The stock had previously closed at $59.39.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Performance

The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 33.26 and a beta of 1.03. The business has a 50 day simple moving average of $56.65 and a 200-day simple moving average of $53.65.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 5th. Investors of record on Monday, June 1st were issued a $0.5192 dividend. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 10.5%. This is a boost from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.48.

Institutional Trading of Goldman Sachs Nasdaq 100 Core Premium Income ETF

A number of large investors have recently made changes to their positions in GPIQ. Royal Bank of Canada grew its holdings in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1,254.0% during the first 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 last quarter. Jane Street Group LLC acquired a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the first quarter worth $1,484,000. Raymond James Financial Inc. acquired a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the second quarter valued at about $1,773,000. Vienna Asset Management LLC purchased a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 2nd quarter worth approximately $232,000. Finally, Bank of America Corp DE acquired a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the second quarter valued at $43,932,000.

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.