Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Sees Strong Trading Volume After Dividend Announcement

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) shares saw strong trading volume on Monday after the company announced a dividend. 379,109 shares were traded during trading, a decline of 16% from the previous session’s volume of 450,291 shares.The stock last traded at $52.6710 and had previously closed at $53.33.

The newly announced dividend which will be paid on Friday, December 5th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.4652 per share. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Monday, December 1st.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Performance

The company has a 50 day moving average of $52.62 and a 200 day moving average of $50.69. The firm has a market cap of $1.96 billion, a P/E ratio of 33.26 and a beta of 0.95.

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

Several hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 8.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,958,412 shares of the company’s stock valued at $87,345,000 after purchasing an additional 152,942 shares during the last quarter. Requisite Capital Management LLC bought a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the second quarter valued at about $66,679,000. Bank of America Corp DE increased its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 43.0% during the 3rd quarter. Bank of America Corp DE now owns 1,260,829 shares of the company’s stock worth $66,143,000 after purchasing an additional 378,830 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 4.1% during the 3rd quarter. HighTower Advisors LLC now owns 907,458 shares of the company’s stock valued at $47,605,000 after purchasing an additional 35,653 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 375.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 594,072 shares of the company’s stock valued at $31,064,000 after buying an additional 469,088 shares in the last quarter.

About Goldman Sachs Nasdaq 100 Core Premium Income ETF

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.