Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Hits New 1-Year High – Here’s Why

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $59.76 and last traded at $59.59, with a volume of 229284 shares. The stock had previously closed at $59.39.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Price Performance

The company has a market cap of $3.97 billion, a P/E ratio of 33.26 and a beta of 1.03. The company has a fifty day simple moving average of $56.93 and a 200-day simple moving average of $53.73.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 5th. Investors of record on Monday, June 1st were issued a $0.5192 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date was Monday, June 1st. This is a positive change from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.48.

Institutional Investors Weigh In On Goldman Sachs Nasdaq 100 Core Premium Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of GPIQ. Royal Bank of Canada boosted its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1,254.0% in the 1st quarter. Royal Bank of Canada now owns 15,368 shares of the company’s stock valued at $685,000 after purchasing an additional 14,233 shares during the period. Jane Street Group LLC acquired a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 1st quarter worth about $1,484,000. Raymond James Financial Inc. acquired a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 2nd quarter worth about $1,773,000. Vienna Asset Management LLC purchased a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the second quarter valued at about $232,000. Finally, Bank of America Corp DE purchased a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the second quarter valued at about $43,932,000.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Company Profile

The Goldman Sachs Nasdaq 100 Core Premium Income ETF (GPIQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF that primarily involves stocks within the Nasdaq-100. Combining equity investments with a call strategy, the fund seeks to generate stable income while offering potential for capital growth GPIQ was launched on Oct 24, 2023 and is issued by Goldman Sachs.