Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Sees Large Volume Increase – Here’s Why

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) saw strong trading volume on Friday . 251,687 shares traded hands during trading, a decline of 47% from the previous session’s volume of 477,480 shares.The stock last traded at $53.4850 and had previously closed at $53.52.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Price Performance

The stock has a 50-day moving average price of $52.91 and a two-hundred day moving average price of $51.35. The stock has a market cap of $1.99 billion, a PE ratio of 33.26 and a beta of 0.95.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, December 1st were paid a $0.4652 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 10.4%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the second quarter valued at $25,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 2nd quarter worth approximately $49,000. Comerica Bank bought a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 3rd quarter valued at approximately $102,000. Advisory Services Network LLC bought a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the third quarter worth $104,000. Finally, Farther Finance Advisors LLC purchased a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the second quarter worth $110,000.

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.