Traynor Capital Management Inc. Buys 18,703 Shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF $GPIQ

Traynor Capital Management Inc. lifted its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) by 184.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,832 shares of the company’s stock after purchasing an additional 18,703 shares during the quarter. Traynor Capital Management Inc.’s holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF were worth $1,672,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GPIQ. Highland Investment Advisors LLC purchased a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the second quarter worth $36,000. Tsfg LLC acquired a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the second quarter valued at $62,000. International Assets Investment Management LLC increased its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 38.1% in the first quarter. International Assets Investment Management LLC now owns 1,450 shares of the company’s stock valued at $72,000 after buying an additional 400 shares in the last quarter. Allworth Financial LP purchased a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the second quarter valued at $106,000. Finally, Fifth Third Bancorp raised its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 457.4% in the first quarter. Fifth Third Bancorp now owns 2,982 shares of the company’s stock worth $148,000 after acquiring an additional 2,447 shares during the period.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Price Performance

GPIQ stock opened at $54.29 on Monday. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 52-week low of $47.72 and a 52-week high of $59.83. The firm has a market cap of $6.24 billion, a P/E ratio of 33.26 and a beta of 1.03. The company’s 50-day simple moving average is $56.87 and its 200-day simple moving average is $55.24.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 6th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.4714 per share. This is a decrease from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.5088. This represents a $5.66 dividend on an annualized basis and a yield of 10.4%. The ex-dividend date is Monday, November 2nd.

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.