This Fund Bet $3.3 Billion on GPIX — Here's Why Income-Focused ETFs Are Gaining Momentum

Ellis Investment Partners disclosed a purchase of Goldman Sachs S&P 500 Premium Income ETF (NASDAQ:GPIX) shares valued at an estimated $3.3 million during the quarter ended September 30, according to an SEC filing released Wednesday.According to an SEC filing on Wednesday, Ellis Investment Partners increased its stake in the Goldman Sachs S&P 500 Premium Income ETF by 64,462 shares during the third quarter. The estimated transaction value was $3.3 million. Following this buy, the fund’s position totals 107,147 shares valued at $5.6 million as of September 30.This was a buy; the GPIX stake now represents 1.01% of Ellis Investment Partners’ 13F reportable AUM.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool