Northwestern Mutual Wealth Management Co. Purchases 27,880 Shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF $GPIQ

Northwestern Mutual Wealth Management Co. raised its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) by 37.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 102,633 shares of the company’s stock after buying an additional 27,880 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF were worth $5,426,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in GPIQ. Royal Bank of Canada raised its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1,254.0% in the 1st quarter. Royal Bank of Canada now owns 15,368 shares of the company’s stock worth $685,000 after acquiring an additional 14,233 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 1st quarter worth about $1,484,000. Raymond James Financial Inc. bought a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 2nd quarter worth about $1,773,000. Vienna Asset Management LLC bought a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 2nd quarter worth about $232,000. Finally, Bank of America Corp DE bought a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 2nd quarter worth about $43,932,000.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Trading Down 0.2%

GPIQ stock opened at $59.34 on Thursday. The stock has a 50-day moving average price of $54.61 and a 200-day moving average price of $53.15. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 1-year low of $47.61 and a 1-year high of $59.65. The firm has a market cap of $4.09 billion, a PE ratio of 33.26 and a beta of 1.03.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 5th. Stockholders of record on Monday, June 1st will be given a $0.5192 dividend. This is a boost from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.48. The ex-dividend date of this dividend is Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 10.5%.

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.