Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC recently decreased its stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) by 63.3% during the fourth quarter, selling off 13,860 shares. This move reduced their ownership to 8,049 shares valued at $537,000. Other institutional investors also made changes to their holdings of the company, with IFP Advisors Inc, ORG Partners LLC, Consolidated Portfolio Review Corp, LPL Financial LLC, and Sierra Capital LLC all adjusting their positions in the ETF.

Despite these changes, shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF traded down by 0.2% on Friday, opening at $71.11. The ETF, which focuses on large-cap equity, tracks an equal-weighted index of US large-cap stocks and is managed by Goldman Sachs. With a market capitalization of $689.77 million and a price-to-earnings ratio of 21.36, it has a beta of 0.93.

In DailyBubble’s view, the adjustments made by institutional investors reflect the changing landscape of the market and the need to adapt investment strategies accordingly. While these changes may impact short-term performance, it is essential for investors to stay informed and make decisions based on their long-term financial goals.