Goldman Sachs S&P 500 Core Premium Income ETF $GPIX Shares Acquired by Ellis Investment Partners LLC

Ellis Investment Partners LLC increased its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) by 14.0% in the third quarter, HoldingsChannel reports. The firm owned 300,252 shares of the company’s stock after purchasing an additional 36,782 shares during the period. Goldman Sachs S&P 500 Core Premium Income ETF makes up approximately 2.5% of Ellis Investment Partners LLC’s investment portfolio, making the stock its 10th biggest holding. Ellis Investment Partners LLC’s holdings in Goldman Sachs S&P 500 Core Premium Income ETF were worth $16,763,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 21.5% in the first quarter. Bank of America Corp DE now owns 2,957,052 shares of the company’s stock worth $147,971,000 after purchasing an additional 523,224 shares in the last quarter. Cornerstone Advisory LLC grew its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 19.6% during the first quarter. Cornerstone Advisory LLC now owns 1,599,317 shares of the company’s stock valued at $80,030,000 after purchasing an additional 262,596 shares during the last quarter. SK Wealth Management LLC raised its position in Goldman Sachs S&P 500 Core Premium Income ETF by 4.4% in the 1st quarter. SK Wealth Management LLC now owns 909,777 shares of the company’s stock worth $45,753,000 after purchasing an additional 38,055 shares during the last quarter. Modern Wealth Management LLC boosted its position in Goldman Sachs S&P 500 Core Premium Income ETF by 127.3% in the 1st quarter. Modern Wealth Management LLC now owns 582,931 shares of the company’s stock valued at $29,147,000 after buying an additional 326,488 shares during the last quarter. Finally, Kintra Wealth LLC increased its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 13.5% in the 2nd quarter. Kintra Wealth LLC now owns 490,051 shares of the company’s stock valued at $27,771,000 after buying an additional 58,462 shares during the period.

Goldman Sachs S&P 500 Core Premium Income ETF Trading Up 0.5%

Shares of NASDAQ:GPIX traded up $0.26 during trading on Wednesday, hitting $56.22. 540,173 shares of the company’s stock were exchanged, compared to its average volume of 937,076. The firm has a market cap of $6.25 billion, a P/E ratio of 25.98 and a beta of 0.83. The firm has a 50-day moving average price of $56.01 and a two-hundred day moving average price of $55.12. Goldman Sachs S&P 500 Core Premium Income ETF has a 1-year low of $48.46 and a 1-year high of $56.74.

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

The company also recently disclosed a monthly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, October 1st were given a $0.3970 dividend. The ex-dividend date was Thursday, October 1st. This represents a $4.76 dividend on an annualized basis and a dividend yield of 8.5%. This is a 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 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.