Truist Financial Corp Invests $2.41 Million in Goldman Sachs S&P 500 Core Premium Income ETF $GPIX

Truist Financial Corp acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 48,368 shares of the company’s stock, valued at approximately $2,410,000. Truist Financial Corp owned approximately 0.22% of Goldman Sachs S&P 500 Core Premium Income ETF at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Salem Investment Counselors Inc. boosted its position in Goldman Sachs S&P 500 Core Premium Income ETF by 237.5% during the first quarter. Salem Investment Counselors Inc. now owns 1,350 shares of the company’s stock worth $63,000 after acquiring an additional 950 shares during the last quarter. Richards Merrill & Peterson Inc. boosted its position in Goldman Sachs S&P 500 Core Premium Income ETF by 1,033.3% during the first quarter. Richards Merrill & Peterson Inc. now owns 1,700 shares of the company’s stock worth $79,000 after acquiring an additional 1,550 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the second quarter worth approximately $151,000. Dynamic Advisor Solutions LLC acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the first quarter worth approximately $210,000. Finally, CFO4Life Group LLC acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the first quarter worth approximately $219,000.

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

Shares of NASDAQ GPIX opened at $51.07 on Friday. Goldman Sachs S&P 500 Core Premium Income ETF has a 1 year low of $40.01 and a 1 year high of $52.37. The firm’s 50 day moving average price is $51.29 and its 200 day moving average price is $48.85. The firm has a market cap of $1.75 billion, a P/E ratio of 25.98 and a beta of 0.82.

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

The company also recently announced a monthly dividend, which was paid on Tuesday, October 7th. Investors of record on Wednesday, October 1st were given a dividend of $0.369 per share. This represents a c) dividend on an annualized basis and a yield of 8.7%. This is an increase from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.36. The ex-dividend date was Wednesday, October 1st.

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.