Fortress Wealth Management Inc. Boosts Stock Position in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX)

Fortress Wealth Management Inc. boosted its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,162 shares of the company’s stock after purchasing an additional 2,160 shares during the quarter. Fortress Wealth Management Inc.’s holdings in Goldman Sachs S&P 500 Core Premium Income ETF were worth $1,195,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC purchased a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 2nd quarter worth $5,672,000. Greater Midwest Financial Group LLC bought a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 2nd quarter valued at about $10,937,000. Collective Family Office LLC purchased a new position in Goldman Sachs S&P 500 Core Premium Income ETF in the third quarter worth about $352,000. Hexagon Capital Partners LLC bought a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the third quarter worth approximately $317,000. Finally, Castle Rock Wealth Management LLC purchased a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the third quarter valued at approximately $887,000.

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

NASDAQ:GPIX opened at $50.11 on Tuesday. The firm has a market capitalization of $425.94 million, a price-to-earnings ratio of 24.02 and a beta of 0.82. The business has a 50 day simple moving average of $50.06 and a 200-day simple moving average of $48.87. Goldman Sachs S&P 500 Core Premium Income ETF has a 1 year low of $44.06 and a 1 year high of $50.82.

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

The company also recently declared a monthly dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 3rd were paid a dividend of $0.3496 per share. The ex-dividend date of this dividend was Friday, January 3rd. This is a boost from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.34. This represents a $4.20 dividend on an annualized basis and a dividend yield of 8.37%.

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.