Goldman Sachs Nasdaq 100 Core Premium Income ETF $GPIQ Position Trimmed by GGM Financials LLC

GGM Financials LLC trimmed its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) by 2.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 363,575 shares of the company’s stock after selling 11,050 shares during the quarter. Goldman Sachs Nasdaq 100 Core Premium Income ETF accounts for 9.6% of GGM Financials LLC’s portfolio, making the stock its 3rd largest position. GGM Financials LLC owned about 0.98% of Goldman Sachs Nasdaq 100 Core Premium Income ETF worth $19,073,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GPIQ. HighTower Advisors LLC lifted its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 4.1% in the 3rd quarter. HighTower Advisors LLC now owns 907,458 shares of the company’s stock worth $47,605,000 after buying an additional 35,653 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the second quarter worth $43,932,000. Wealth Enhancement Advisory Services LLC boosted its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 375.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 594,072 shares of the company’s stock valued at $31,064,000 after purchasing an additional 469,088 shares during the last quarter. Mirae Asset Securities USA Inc. purchased a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the second quarter valued at about $15,939,000. Finally, Patten & Patten Inc. TN increased its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 24.0% in the 3rd quarter. Patten & Patten Inc. TN now owns 226,689 shares of the company’s stock worth $11,892,000 after purchasing an additional 43,930 shares during the last quarter.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Price Performance

Shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF stock opened at $51.96 on Wednesday. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 33.26 and a beta of 0.95. The stock has a 50-day simple moving average of $52.66 and a 200-day simple moving average of $52.32. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 52-week low of $38.13 and a 52-week high of $54.63.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.4655 per share. This is a positive change from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.46. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 10.8%.

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.