McCarthy & Cox Raises Stock Position in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX)

McCarthy & Cox raised its position in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) by 9.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 241,587 shares of the company’s stock after purchasing an additional 20,310 shares during the quarter. Goldman Sachs S&P 500 Core Premium Income ETF comprises approximately 4.5% of McCarthy & Cox’s investment portfolio, making the stock its 10th biggest holding. McCarthy & Cox owned 5.25% of Goldman Sachs S&P 500 Core Premium Income ETF worth $11,860,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fortress Wealth Management Inc. raised its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 4.8% during the second quarter. Fortress Wealth Management Inc. now owns 20,820 shares of the company’s stock valued at $988,000 after purchasing an additional 949 shares in the last quarter. High Net Worth Advisory Group LLC boosted its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 58.3% during the 1st quarter. High Net Worth Advisory Group LLC now owns 9,500 shares of the company’s stock valued at $447,000 after purchasing an additional 3,500 shares in the last quarter. Moseley Investment Management Inc. acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the 2nd quarter valued at $218,000. MGO One Seven LLC increased its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 20.4% during the 2nd quarter. MGO One Seven LLC now owns 27,390 shares of the company’s stock valued at $1,300,000 after purchasing an additional 4,635 shares during the period. Finally, Hexagon Capital Partners LLC bought a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 3rd quarter worth $317,000.

Goldman Sachs S&P 500 Core Premium Income ETF Trading Up 0.5 %

GPIX stock traded up $0.23 during trading hours on Friday, hitting $49.19. 66,445 shares of the stock traded hands, compared to its average volume of 42,862. The stock has a 50-day simple moving average of $47.82 and a 200 day simple moving average of $47.08. The company has a market cap of $231.19 million, a P/E ratio of 24.02 and a beta of 0.82. Goldman Sachs S&P 500 Core Premium Income ETF has a one year low of $39.03 and a one year high of $49.40.

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

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 8th. Investors of record on Wednesday, October 2nd were issued a dividend of $0.3472 per share. This represents a $4.17 dividend on an annualized basis and a yield of 8.47%. This is a boost from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.34. The ex-dividend date was Wednesday, October 2nd.

About Goldman Sachs S&P 500 Core Premium Income ETF

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.