Plimoth Trust Co. LLC Sells 8,005 Shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC)

Plimoth Trust Co. LLC recently decreased its stake in the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 75.8% in the 1st quarter, according to its latest 13F filing with the SEC. The institutional investor now owns 2,560 shares of the company’s stock after selling 8,005 shares during the period, with holdings valued at $266,000 at the end of the quarter.

Other hedge funds have also made changes to their holdings of the stock. Anchor Investment Management LLC, CarsonAllaria Wealth Management Ltd., Riverview Trust Co, Whittier Trust Co. of Nevada Inc., and Carolinas Wealth Consulting LLC all acquired positions in the ETF during different quarters.

Shares of the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF opened at $107.90 on Thursday, with a market cap of $12.47 billion, a price-to-earnings ratio of 22.89, and a beta of 0.98. The stock’s fifty-day and two-hundred day moving averages were $104.32 and $100.54, respectively. The ETF has seen a one-year low of $80.74 and a high of $108.06.

The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF is an exchange-traded fund that primarily invests in large-cap equity. The fund tracks an index of US large-cap stocks across four sub-indexes: value, momentum, quality, and low volatility, with each sub-index receiving equal weight in stock selection.

DailyBubble sees potential in the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF given its focus on large-cap stocks and diversified investment strategy. With the current market conditions, this ETF could be a solid option for investors looking for exposure to the US large-cap equity market.