Core Insights - Ellis Investment Partners disclosed a purchase of Goldman Sachs S&P 500 Premium Income ETF (GPIX) shares valued at approximately $3.3 million during the third quarter, increasing its stake by 64,462 shares [1][2][7] Investment Details - Following the recent purchase, Ellis Investment Partners now holds a total of 107,147 shares of GPIX, valued at $5.6 million as of September 30 [2][3] - The GPIX stake represents 1.01% of Ellis Investment Partners' 13F reportable assets under management (AUM) [3] ETF Performance - As of the latest market close, GPIX shares were priced at $52.41, reflecting a 7% increase over the past year, compared to a 16% gain for the S&P 500 [3][4] - The ETF has total fund assets of $2 billion and a one-year total return of 16% [4] Investment Strategy - GPIX employs a rules-based approach to income generation from S&P 500 equities, maintaining broad market exposure while focusing on yield and diversification [6][9] - The ETF aims to invest at least 80% of its net assets in equity securities of companies included in the S&P 500 Index, providing systematic exposure to large-cap U.S. equities and enhanced income potential [9] Market Demand - The investment in GPIX highlights the appeal of income-focused equity strategies among institutional investors seeking steady returns, with the ETF offering a monthly income distribution rate of approximately 8% as of September 30 [7][10] - GPIX's assets under management stood at $1.95 billion as of late October, indicating strong momentum in the premium-income ETF space [7]