Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) to Issue Monthly Dividend of $0.40

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) announced a monthly dividend on Wednesday, September 30th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.3970 per share on Wednesday, October 7th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date is Thursday, October 1st. This is a 0.1% decrease from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3974.

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

Shares of Goldman Sachs S&P 500 Core Premium Income ETF stock opened at $55.83 on Thursday. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 25.98 and a beta of 0.84. Goldman Sachs S&P 500 Core Premium Income ETF has a 52-week low of $48.46 and a 52-week high of $56.74. The stock has a 50-day simple moving average of $55.85 and a 200-day simple moving average of $54.53.

Hedge Funds Weigh In On Goldman Sachs S&P 500 Core Premium Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Next Level Private LLC grew its position in Goldman Sachs S&P 500 Core Premium Income ETF by 1.3% in the first quarter. Next Level Private LLC now owns 15,288 shares of the company’s stock worth $765,000 after acquiring an additional 191 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 1.4% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 14,829 shares of the company’s stock valued at $742,000 after purchasing an additional 200 shares in the last quarter. Symphony Financial Ltd. Co. lifted its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 4.9% in the 2nd quarter. Symphony Financial Ltd. Co. now owns 4,250 shares of the company’s stock valued at $236,000 after purchasing an additional 200 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 2.6% in the 1st quarter. Axxcess Wealth Management LLC now owns 8,379 shares of the company’s stock valued at $419,000 after purchasing an additional 215 shares during the last quarter. Finally, Wealth Alliance LLC lifted its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 3.7% in the 1st quarter. Wealth Alliance LLC now owns 6,213 shares of the company’s stock valued at $311,000 after purchasing an additional 219 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.