Goldman Sachs S&P 500 Core Premium Income ETF $GPIX Shares Newly Acquired by Hidden Cove Wealth Management LLC

Hidden Cove Wealth Management LLC purchased a new position in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,788 shares of the company’s stock, valued at approximately $714,000.

Several other institutional investors have also recently made changes to their positions in the stock. Tenet Wealth Partners LLC raised its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 20.2% in the third quarter. Tenet Wealth Partners LLC now owns 23,484 shares of the company’s stock worth $1,311,000 after buying an additional 3,950 shares during the period. Kercheville Advisors LLC lifted its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 5.1% during the 3rd quarter. Kercheville Advisors LLC now owns 5,120 shares of the company’s stock valued at $286,000 after buying an additional 250 shares in the last quarter. PMG Family Office LLC grew its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 6.8% during the 3rd quarter. PMG Family Office LLC now owns 12,444 shares of the company’s stock valued at $695,000 after acquiring an additional 796 shares during the period. Herold Advisors Inc. grew its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 2.5% during the 3rd quarter. Herold Advisors Inc. now owns 20,531 shares of the company’s stock valued at $1,146,000 after acquiring an additional 497 shares during the period. Finally, Grant Private Wealth Management Inc grew its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 17.6% during the 3rd quarter. Grant Private Wealth Management Inc now owns 8,460 shares of the company’s stock valued at $472,000 after acquiring an additional 1,265 shares during the period.

Goldman Sachs S&P 500 Core Premium Income ETF Trading Up 0.4%

Goldman Sachs S&P 500 Core Premium Income ETF stock traded up $0.22 during midday trading on Monday, hitting $55.82. The stock had a trading volume of 1,096,208 shares, compared to its average volume of 936,431. The firm’s fifty day moving average is $56.03 and its two-hundred day moving average is $55.03. The company has a market capitalization of $6.21 billion, a PE ratio of 25.98 and a beta of 0.83. 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.

Goldman Sachs S&P 500 Core Premium Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.3970 per share. This is a decrease from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3974. This represents a $4.76 annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend was Thursday, October 1st.

Goldman Sachs S&P 500 Core Premium Income ETF Company Profile

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.