M.E. Allison & CO. Inc. Buys Shares of 7,300 Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ)

M.E. Allison & CO. Inc. bought a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,300 shares of the company’s stock, valued at approximately $358,000. M.E. Allison & CO. Inc. owned approximately 0.10% of Goldman Sachs Nasdaq 100 Core Premium Income ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Castle Rock Wealth Management LLC purchased a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 3rd quarter worth about $282,000. Avaii Wealth Management LLC purchased a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 3rd quarter worth about $271,000. Private Advisor Group LLC increased its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 36.0% during the 3rd quarter. Private Advisor Group LLC now owns 23,291 shares of the company’s stock worth $1,117,000 after purchasing an additional 6,171 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 3rd quarter worth approximately $4,910,000. Finally, GGM Financials LLC raised its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 3.7% during the third quarter. GGM Financials LLC now owns 225,062 shares of the company’s stock valued at $10,792,000 after purchasing an additional 8,055 shares during the period.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Performance

Shares of GPIQ opened at $49.60 on Monday. The company has a market cap of $381.92 million, a price-to-earnings ratio of 30.31 and a beta of 1.02. The firm has a fifty day moving average of $49.36 and a 200-day moving average of $47.88. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 1 year low of $42.01 and a 1 year high of $50.80.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 3rd were given a dividend of $0.4285 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $5.14 dividend on an annualized basis and a yield of 10.37%.

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.