DAVENPORT & Co LLC Has $4.05 Million Position in Goldman Sachs S&P 500 Core Premium Income ETF $GPIX

DAVENPORT & Co LLC boosted its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) by 32.2% during the third quarter, HoldingsChannel.com reports. The firm owned 77,512 shares of the company’s stock after acquiring an additional 18,887 shares during the period. DAVENPORT & Co LLC’s holdings in Goldman Sachs S&P 500 Core Premium Income ETF were worth $4,048,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Requisite Capital Management LLC acquired a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the 2nd quarter valued at $67,579,000. Cornerstone Advisory LLC raised its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 10.4% during the second quarter. Cornerstone Advisory LLC now owns 973,018 shares of the company’s stock worth $48,476,000 after acquiring an additional 91,749 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the second quarter worth $38,330,000. Eaton Financial Holdings Company LLC boosted its position in Goldman Sachs S&P 500 Core Premium Income ETF by 43.8% during the second quarter. Eaton Financial Holdings Company LLC now owns 501,313 shares of the company’s stock valued at $24,975,000 after purchasing an additional 152,811 shares during the last quarter. Finally, SK Wealth Management LLC grew its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 66.4% in the third quarter. SK Wealth Management LLC now owns 460,005 shares of the company’s stock valued at $24,012,000 after purchasing an additional 183,491 shares in the last quarter.

Goldman Sachs S&P 500 Core Premium Income ETF Price Performance

Shares of GPIX stock opened at $53.28 on Friday. Goldman Sachs S&P 500 Core Premium Income ETF has a fifty-two week low of $40.01 and a fifty-two week high of $53.50. The stock’s 50-day moving average is $52.49 and its two-hundred day moving average is $51.27. The firm has a market cap of $2.05 billion, a P/E ratio of 25.98 and a beta of 0.84.

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

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 5th. Investors of record on Monday, December 1st were given a dividend of $0.3741 per share. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend was Monday, December 1st.

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.