Collective Family Office LLC Takes Position in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX)

Collective Family Office LLC purchased a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 7,175 shares of the company’s stock, valued at approximately $352,000.

Several other hedge funds have also recently added to or reduced their stakes in GPIX. Greater Midwest Financial Group LLC purchased a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the second quarter worth $10,937,000. McCarthy & Cox purchased a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the 1st quarter valued at about $10,158,000. NewEdge Advisors LLC acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF in the 2nd quarter valued at about $5,672,000. Commonwealth Equity Services LLC boosted its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 84.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 221,079 shares of the company’s stock worth $10,393,000 after purchasing an additional 101,221 shares during the last quarter. Finally, Avalon Capital Management purchased a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the second quarter valued at approximately $2,253,000.

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

Shares of NASDAQ:GPIX traded up $0.35 during midday trading on Friday, hitting $48.67. The company had a trading volume of 31,183 shares, compared to its average volume of 42,370. Goldman Sachs S&P 500 Core Premium Income ETF has a twelve month low of $39.03 and a twelve month high of $49.40. The business’s 50-day simple moving average is $47.65 and its 200-day simple moving average is $47.01. The stock has a market cap of $223.88 million, a price-to-earnings ratio of 24.02 and a beta of 0.82.

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

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 8th. Investors of record on Wednesday, October 2nd will be given a $0.3472 dividend. This represents a $4.17 annualized dividend and a yield of 8.56%. This is a positive change from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.34. The ex-dividend date of this dividend is Wednesday, October 2nd.

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.