Private Wealth Partners LLC Buys New Position in Goldman Sachs S&P 500 Core Premium Income ETF $GPIX

Private Wealth Partners LLC bought a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 72,439 shares of the company’s stock, valued at approximately $4,044,000. Private Wealth Partners LLC owned approximately 0.07% of Goldman Sachs S&P 500 Core Premium Income ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in GPIX. Bank of America Corp DE raised its position in Goldman Sachs S&P 500 Core Premium Income ETF by 21.5% during the first quarter. Bank of America Corp DE now owns 2,957,052 shares of the company’s stock worth $147,971,000 after acquiring an additional 523,224 shares during the period. Cornerstone Advisory LLC grew its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 19.6% in the first quarter. Cornerstone Advisory LLC now owns 1,599,317 shares of the company’s stock valued at $80,030,000 after purchasing an additional 262,596 shares during the period. SK Wealth Management LLC grew its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 4.4% in the first quarter. SK Wealth Management LLC now owns 909,777 shares of the company’s stock valued at $45,753,000 after purchasing an additional 38,055 shares during the period. Modern Wealth Management LLC grew its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 127.3% in the first quarter. Modern Wealth Management LLC now owns 582,931 shares of the company’s stock valued at $29,147,000 after purchasing an additional 326,488 shares during the period. Finally, Kintra Wealth LLC increased its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 13.5% during the second quarter. Kintra Wealth LLC now owns 490,051 shares of the company’s stock worth $27,771,000 after purchasing an additional 58,462 shares in the last quarter.

Goldman Sachs S&P 500 Core Premium Income ETF Stock Down 0.4%

Shares of Goldman Sachs S&P 500 Core Premium Income ETF stock traded down $0.22 during mid-day trading on Friday, reaching $55.43. 1,060,699 shares of the stock traded hands, compared to its average volume of 942,645. The business has a 50-day moving average of $55.96 and a 200 day moving average of $55.20. Goldman Sachs S&P 500 Core Premium Income ETF has a fifty-two week low of $48.46 and a fifty-two week high of $56.74. The stock has a market capitalization of $6.24 billion, a PE ratio of 25.98 and a beta of 0.83.

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

The company also recently disclosed a monthly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, October 1st were paid a $0.3970 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $4.76 annualized dividend and a yield of 8.6%. This is a decrease from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3974.

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.