Cedarwood Wealth LLC Takes Position in Goldman Sachs Nasdaq 100 Core Premium Income ETF $GPIQ

Cedarwood Wealth LLC bought a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) during the fourth quarter, Holdings Channel reports. The firm bought 24,227 shares of the company’s stock, valued at approximately $1,295,000. Goldman Sachs Nasdaq 100 Core Premium Income ETF makes up about 1.5% of Cedarwood Wealth LLC’s portfolio, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE acquired a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the second quarter valued at approximately $43,932,000. Cerity Partners LLC purchased a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 4th quarter worth approximately $33,003,000. LPL Financial LLC grew its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 35.3% during the 4th quarter. LPL Financial LLC now owns 1,880,169 shares of the company’s stock worth $99,405,000 after purchasing an additional 490,625 shares during the period. Royal Bank of Canada grew its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 224.9% during the 4th quarter. Royal Bank of Canada now owns 460,780 shares of the company’s stock worth $24,362,000 after purchasing an additional 318,964 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 288.1% during the 4th quarter. Wells Fargo & Company MN now owns 388,576 shares of the company’s stock valued at $20,544,000 after purchasing an additional 288,447 shares in the last quarter.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Price Performance

GPIQ opened at $59.39 on Friday. The firm has a fifty day moving average price of $56.65 and a 200 day moving average price of $53.64. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 1 year low of $47.72 and a 1 year high of $59.65. The stock has a market cap of $4.09 billion, a P/E ratio of 33.26 and a beta of 1.03.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, June 1st were issued a $0.5192 dividend. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.48. This represents a c) dividend on an annualized basis and a yield of 10.5%.

Goldman Sachs Nasdaq 100 Core Premium Income ETF 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.