Goldman Sachs S&P 500 Core Premium Income ETF $GPIX Stock: Lebenthal Global Advisors LLC Raises Holdings

Lebenthal Global Advisors LLC grew its position in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) by 568.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 532,188 shares of the company’s stock after purchasing an additional 452,550 shares during the quarter. Goldman Sachs S&P 500 Core Premium Income ETF makes up about 4.0% of Lebenthal Global Advisors LLC’s portfolio, making the stock its 6th largest position. Lebenthal Global Advisors LLC owned 0.47% of Goldman Sachs S&P 500 Core Premium Income ETF worth $29,712,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Symphony Financial Ltd. Co. raised its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 4.9% during the second quarter. Symphony Financial Ltd. Co. now owns 4,250 shares of the company’s stock worth $236,000 after buying an additional 200 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in Goldman Sachs S&P 500 Core Premium Income ETF by 2.6% during the first quarter. Axxcess Wealth Management LLC now owns 8,379 shares of the company’s stock valued at $419,000 after acquiring an additional 215 shares during the last quarter. Wealth Alliance LLC boosted its position in Goldman Sachs S&P 500 Core Premium Income ETF by 3.7% during the first quarter. Wealth Alliance LLC now owns 6,213 shares of the company’s stock valued at $311,000 after acquiring an additional 219 shares during the last quarter. Kercheville Advisors LLC grew its holdings in 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 worth $286,000 after acquiring an additional 250 shares during the period. Finally, Ascension Capital Advisors Inc. grew its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 1.5% during the 1st quarter. Ascension Capital Advisors Inc. now owns 25,401 shares of the company’s stock worth $1,271,000 after acquiring an additional 387 shares during the period.

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

Shares of NASDAQ:GPIX opened at $55.14 on Friday. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 25.98 and a beta of 0.83. The business’s 50-day moving average is $55.94 and its 200-day moving average is $54.30. 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 business also recently announced a monthly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, October 1st were given a dividend of $0.3970 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date was Thursday, October 1st. This is a drop from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3974.

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.