Hilton Capital Management has significantly reduced its position in the Goldman Sachs S&P 500 Premium Income ETF (GPIX), selling 478,741 shares valued at approximately $25 million during Q1 2026. Following the sale, Hilton retains 282,772 shares worth $14.2 million, which now constitutes 1.1% of its total assets under management (AUM). This move reflects a strategic trim rather than a complete withdrawal, as GPIX remains part of Hilton’s income-focused portfolio.
The sale comes amid a backdrop of GPIX’s performance, which has seen a 27% increase over the past year, although it has lagged slightly behind the S&P 500. GPIX’s options-based strategy is designed to balance income generation with equity market exposure, appealing to income-focused investors. Despite the reduction, Hilton’s continued stake suggests confidence in GPIX’s yield potential, especially for those seeking income in a diversified portfolio.
For market professionals, this transaction highlights the ongoing trend of institutional investors adjusting their holdings after periods of strong performance, indicating a strategic focus on maintaining income while managing risk in a volatile market environment.
Source: nasdaq.com