B&D White Capital's Exit: Texas-based B&D White Capital Company sold its entire stake of 351,699 shares in the Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ) for approximately $17.5 million, marking a full exit from the fund which previously constituted 2.7% of its reported assets.
Market Performance of GPIQ: As of the latest market close, GPIQ shares were priced at $53.32, reflecting a 10.5% increase over the past year, and the fund offers a dividend yield of 9.6%, providing attractive distributions to investors.
Shift in Investment Strategy: The complete liquidation of GPIQ shares indicates a strategic shift away from high-yield, options-based equity strategies, aligning with a broader trend of pulling back from covered-call funds after recent strong gains.
Long-term Investment Philosophy: Coyle Capital emphasizes a disciplined, evidence-based investment approach that favors global diversification and discourages reliance on income-driven products, suggesting that the exit from GPIQ reflects portfolio rebalancing rather than a negative outlook on the ETF itself.
Wall Street analysts forecast GPIQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GPIQ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Wall Street analysts forecast GPIQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GPIQ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 52.710
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Current: 52.710
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
