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

Shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $55.80 and last traded at $55.73, with a volume of 1170254 shares. The stock had previously closed at $55.17.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Price Performance

The company has a 50-day moving average price of $51.95 and a 200 day moving average price of $52.49. The firm has a market capitalization of $3.92 billion, a PE ratio of 33.26 and a beta of 1.01.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were issued a $0.4833 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 10.2%.

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

A number of institutional investors have recently added to or reduced their stakes in GPIQ. Royal Bank of Canada raised its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1,254.0% during the first quarter. Royal Bank of Canada now owns 15,368 shares of the company’s stock valued at $685,000 after buying an additional 14,233 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the first quarter worth $1,484,000. Raymond James Financial Inc. purchased a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the second quarter valued at $1,773,000. Vienna Asset Management LLC purchased a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the second quarter valued at $232,000. Finally, Bank of America Corp DE bought a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 2nd quarter valued at $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.