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

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) shares saw strong trading volume on Monday . 93,118 shares traded hands during trading, an increase of 1% from the previous session’s volume of 92,033 shares.The stock last traded at $46.34 and had previously closed at $45.54.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Price Performance

The firm has a market capitalization of $508.84 million, a price-to-earnings ratio of 30.70 and a beta of 1.02. The business has a 50 day moving average of $48.35 and a 200 day moving average of $48.43.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.4148 per share. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Trading of Goldman Sachs Nasdaq 100 Core Premium Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 688.6% in the 3rd quarter. Jane Street Group LLC now owns 42,466 shares of the company’s stock valued at $2,036,000 after purchasing an additional 37,081 shares during the period. Sanctuary Advisors LLC acquired a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the fourth quarter worth $311,000. Avaii Wealth Management LLC raised its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 14.0% during the fourth quarter. Avaii Wealth Management LLC now owns 6,437 shares of the company’s stock worth $316,000 after acquiring an additional 792 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 4th quarter valued at $207,000. Finally, HighTower Advisors LLC boosted its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 91.1% in the 3rd quarter. HighTower Advisors LLC now owns 66,975 shares of the company’s stock valued at $3,212,000 after purchasing an additional 31,932 shares in the last quarter.

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.