Ellis Investment Partners LLC Acquires 36,782 Shares of Goldman Sachs S&P 500 Core Premium Income ETF $GPIX

Ellis Investment Partners LLC lifted its stake in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) by 14.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 300,252 shares of the company’s stock after acquiring an additional 36,782 shares during the quarter. Goldman Sachs S&P 500 Core Premium Income ETF makes up 2.5% of Ellis Investment Partners LLC’s portfolio, making the stock its 10th biggest holding. Ellis Investment Partners LLC owned 0.27% of Goldman Sachs S&P 500 Core Premium Income ETF worth $16,763,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of GPIX. Highland Investment Advisors LLC bought a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the second quarter valued at approximately $34,000. Tsfg LLC acquired a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the second quarter worth about $45,000. International Assets Investment Management LLC increased its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 877.6% during the 1st quarter. International Assets Investment Management LLC now owns 2,229 shares of the company’s stock valued at $111,000 after acquiring an additional 2,001 shares during the last quarter. Miller Global Investments LLC acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF in the 3rd quarter worth approximately $112,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 24.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,859 shares of the company’s stock worth $143,000 after buying an additional 554 shares during the period.

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

Shares of Goldman Sachs S&P 500 Core Premium Income ETF stock traded up $0.26 during trading on Wednesday, reaching $56.22. The company’s stock had a trading volume of 540,173 shares, compared to its average volume of 937,076. Goldman Sachs S&P 500 Core Premium Income ETF has a one year low of $48.46 and a one year high of $56.74. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 25.98 and a beta of 0.83. The business’s fifty day moving average price is $56.01 and its 200-day moving average price is $55.12.

Goldman Sachs S&P 500 Core Premium Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, October 1st were given a dividend of $0.3970 per share. This is a decrease from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3974. This represents a $4.76 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend was Thursday, October 1st.

Goldman Sachs S&P 500 Core Premium Income ETF Profile

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.