Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Sees Unusually-High Trading Volume – Here’s What Happened

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) saw strong trading volume on Monday . Approximately 590,704 shares changed hands during mid-day trading, a decline of 51% from the previous session’s volume of 1,209,496 shares.The stock last traded at $55.55 and had previously closed at $55.18.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Down 0.9%

The company has a fifty day simple moving average of $57.73 and a 200-day simple moving average of $54.44. The firm has a market cap of $4.88 billion, a P/E ratio of 33.26 and a beta of 1.02.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, July 1st were issued a $0.5191 dividend. This represents a c) annualized dividend and a yield of 11.4%. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Canvas Wealth Advisors LLC bought a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the second quarter valued at about $227,000. Wealthcare Advisory Partners LLC boosted its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 8.3% in the second quarter. Wealthcare Advisory Partners LLC now owns 8,887 shares of the company’s stock worth $527,000 after acquiring an additional 679 shares during the period. Kraft Davis & Associates LLC grew its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 13.7% during the second quarter. Kraft Davis & Associates LLC now owns 83,081 shares of the company’s stock worth $4,721,000 after purchasing an additional 9,998 shares in the last quarter. Castle Rock Wealth Management LLC grew its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 4.1% during the second quarter. Castle Rock Wealth Management LLC now owns 57,155 shares of the company’s stock worth $3,318,000 after purchasing an additional 2,233 shares in the last quarter. Finally, Noble Wealth Management PBC raised its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 14.7% during the 2nd quarter. Noble Wealth Management PBC now owns 11,582 shares of the company’s stock valued at $687,000 after purchasing an additional 1,488 shares during the period.

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.