Kestra Private Wealth Services LLC significantly increased its holdings in the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF during the fourth quarter, according to a report from Holdings Channel.com. The firm now owns 10,959 shares of the company’s stock, representing a 121.7% growth after acquiring an additional 6,016 shares. The value of Kestra Private Wealth Services LLC’s holdings in the ETF amounted to $1,028,000 by the end of the quarter.
Other hedge funds also made changes to their holdings of GSLC. Perigon Wealth Management LLC saw a 2.8% increase in its holdings, now owning 4,087 shares valued at $383,000. Parsons Capital Management Inc. RI and FMR LLC both saw slight increases in their positions, while Signaturefd LLC and Wolf Group Capital Advisors also raised their stakes in the ETF.
On the trading front, Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF saw a 1.2% increase, with shares opening at $100.82 on Friday. The ETF has a market cap of $11.65 billion and a P/E ratio of 22.89. It has a 1-year low of $80.04 and a high of $104.23.
The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF is an exchange-traded fund that focuses on large-cap equity investments. The fund tracks an index of US large-cap stocks based on four sub-indexes: value, momentum, quality, and low volatility. Each sub-index is given equal weight in the stock selection process.
DailyBubble’s perspective on the matter is that the increased interest from various hedge funds in the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF reflects a growing confidence in the fund’s performance and potential for growth. This could indicate a positive outlook for the ETF in the near future.