Milestone Asset Management LLC Takes Position in Goldman Sachs S&P 500 Core Premium Income ETF $GPIX

Milestone Asset Management LLC bought a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,725 shares of the company’s stock, valued at approximately $508,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Whalen Wealth Management Inc. raised its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 93.9% in the 3rd quarter. Whalen Wealth Management Inc. now owns 92,420 shares of the company’s stock valued at $4,827,000 after purchasing an additional 44,766 shares in the last quarter. Truist Financial Corp purchased a new position in Goldman Sachs S&P 500 Core Premium Income ETF in the second quarter valued at $2,410,000. Avalon Capital Management raised its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 1.8% in the second quarter. Avalon Capital Management now owns 55,166 shares of the company’s stock valued at $2,748,000 after buying an additional 998 shares in the last quarter. Comprehensive Money Management Services LLC purchased a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the 2nd quarter worth about $259,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the 2nd quarter worth about $782,000.

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

GPIX opened at $53.30 on Friday. Goldman Sachs S&P 500 Core Premium Income ETF has a one year low of $40.01 and a one year high of $53.50. The company has a market cap of $2.05 billion, a P/E ratio of 25.98 and a beta of 0.84. The business’s 50-day simple moving average is $52.46 and its 200-day simple moving average is $51.24.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, December 1st were issued a dividend of $0.3741 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 8.4%.

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.