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

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) saw unusually-strong trading volume on Monday after the company announced a dividend. Approximately 379,109 shares traded hands 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. Shareholders of record on Monday, December 1st will be issued a $0.4652 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 10.6%.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Price Performance

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

Institutional Trading of Goldman Sachs Nasdaq 100 Core Premium Income ETF

Large investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 2nd quarter worth approximately $25,000. Steward Partners Investment Advisory LLC acquired a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the second quarter valued at $49,000. Harbour Investments Inc. acquired a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the first quarter valued at $93,000. Comerica Bank purchased a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 3rd quarter worth about $102,000. Finally, Advisory Services Network LLC purchased a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 3rd quarter valued at about $104,000.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Company Profile

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.