Ellis Investment Partners recently disclosed acquiring Goldman Sachs S&P 500 Premium Income ETF shares worth approximately $3.3 million in the third quarter of the year, as per an SEC filing released on Wednesday. This move saw the fund increase its stake in the ETF by 64,462 shares, bringing the total to 107,147 shares valued at $5.6 million by September 30.
The purchase of GPIX shares now represents 1.01% of Ellis Investment Partners’ 13F reportable assets under management. The fund’s top holdings post-filing include VUG, RNP, DVY, QQQ, and AAPL, with significant investments in each.
The ETF itself, GPIX, offers investors exposure to large-cap U.S. equities with enhanced income potential through a rules-based approach. It aims to match the characteristics of the S&P 500 Index while generating monthly income distributions. With assets totaling $2 billion and a 16% 1-year total return, GPIX has garnered attention from institutional investors seeking steady returns with a blend of equity exposure and income generation.
