Concourse Financial Group Securities Inc. recently decreased its holdings in the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 12.4% during the 4th quarter, according to their latest filing with the Securities and Exchange Commission. The fund now owns 2,323 shares of the company’s stock, valued at $219,000 after selling 328 shares.
Other large investors have also made changes to their positions in GSLC. Envestnet Asset Management Inc. boosted its position by 35.2% during the third quarter, now owning 3,168,633 shares of the stock. Signature Estate & Investment Advisors LLC and First Command Advisory Services Inc. also increased their holdings in the ETF.
Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF stock opened at $102.63 on Tuesday, with a market cap of $11.86 billion. The ETF has a PE ratio of 22.89 and a beta of 0.98, with a fifty-two week low of $80.74 and a high of $104.23.
The ETF mostly invests in large-cap equity, tracking an index of US large-cap stocks across different sub-indexes. Each sub-index, including value, momentum, quality, and low volatility, receives equal weight in the fund.
DailyBubble’s perspective is that the movements of these large investors in the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF reflect ongoing interest in the ETF’s performance and potential for returns in the large-cap equity space. Investors are closely monitoring the fund’s holdings and market performance to make informed decisions about their investment strategies.