Goldman Sachs S&P 500 Core Premium Income ETF $GPIX Stock Bought by Channel Wealth LLC

Channel Wealth LLC raised its stake in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) by 699.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,061 shares of the company’s stock after buying an additional 98,036 shares during the period. Goldman Sachs S&P 500 Core Premium Income ETF makes up approximately 1.3% of Channel Wealth LLC’s holdings, making the stock its 20th largest holding. Channel Wealth LLC owned about 0.10% of Goldman Sachs S&P 500 Core Premium Income ETF worth $6,256,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GPIX. Fisher Asset Management LLC acquired a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 3rd quarter worth approximately $464,000. Nikulski Financial Inc. purchased a new position in Goldman Sachs S&P 500 Core Premium Income ETF in the 3rd quarter valued at approximately $5,794,000. Fifth Third Bancorp increased its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 42.9% in the 3rd quarter. Fifth Third Bancorp now owns 10,808 shares of the company’s stock valued at $603,000 after purchasing an additional 3,247 shares in the last quarter. Jacobi Capital Management LLC increased its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 11.9% in the 3rd quarter. Jacobi Capital Management LLC now owns 8,382 shares of the company’s stock valued at $468,000 after purchasing an additional 894 shares in the last quarter. Finally, Oak Barrel Wealth Advisory LLC purchased a new position in Goldman Sachs S&P 500 Core Premium Income ETF in the 3rd quarter valued at approximately $291,000.

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

Shares of GPIX stock opened at $54.65 on Friday. The stock has a fifty day moving average price of $55.62 and a 200 day moving average price of $54.37. The stock has a market cap of $6.55 billion, a PE ratio of 25.98 and a beta of 0.83. 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 declared a monthly dividend, which was paid on Friday, November 6th. Stockholders of record on Monday, November 2nd were given a $0.3885 dividend. This is a decrease from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3970. This represents a $4.66 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date was Monday, November 2nd.

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.