Northwestern Mutual Wealth Management Co. Buys 27,880 Shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF $GPIQ

Northwestern Mutual Wealth Management Co. boosted its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) by 37.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,633 shares of the company’s stock after purchasing an additional 27,880 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.19% of Goldman Sachs Nasdaq 100 Core Premium Income ETF worth $5,426,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake 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 acquiring 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 valued at $1,484,000. Raymond James Financial Inc. bought a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the second quarter valued at $1,773,000. Vienna Asset Management LLC bought a new position in shares of 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 position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the second quarter valued at $43,932,000.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Performance

GPIQ stock opened at $59.34 on Thursday. The company has a fifty day moving average price of $54.61 and a 200-day moving average price of $53.15. The company has a market capitalization of $4.09 billion, a P/E ratio of 33.26 and a beta of 1.03. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 52-week low of $47.61 and a 52-week high of $59.65.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, June 5th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.5192 per share. The ex-dividend date of this dividend is Monday, June 1st. This is an increase from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.48. This represents a c) annualized dividend and a dividend yield of 10.5%.

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.