Goldman Sachs Group Inc. Has $100.10 Million Stock Position in Goldman Sachs Innovate Equity ETF $GINN

Goldman Sachs Group Inc. reduced its holdings in Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) by 20.6% in the 4th quarter, HoldingsChannel reports. The fund owned 1,369,289 shares of the company’s stock after selling 355,422 shares during the period. Goldman Sachs Group Inc. owned about 0.46% of Goldman Sachs Innovate Equity ETF worth $100,095,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new position in Goldman Sachs Innovate Equity ETF in the 4th quarter valued at approximately $1,347,000. Farther Finance Advisors LLC increased its position in Goldman Sachs Innovate Equity ETF by 4.2% in the 4th quarter. Farther Finance Advisors LLC now owns 7,139 shares of the company’s stock valued at $522,000 after acquiring an additional 290 shares during the period. Highland Financial Advisors LLC increased its position in Goldman Sachs Innovate Equity ETF by 0.9% in the 4th quarter. Highland Financial Advisors LLC now owns 237,558 shares of the company’s stock valued at $17,366,000 after acquiring an additional 2,078 shares during the period. Susquehanna International Group LLP increased its position in Goldman Sachs Innovate Equity ETF by 21.0% in the 3rd quarter. Susquehanna International Group LLP now owns 9,128 shares of the company’s stock valued at $674,000 after acquiring an additional 1,585 shares during the period. Finally, Flow Traders U.S. LLC increased its position in Goldman Sachs Innovate Equity ETF by 253.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 21,166 shares of the company’s stock valued at $1,563,000 after acquiring an additional 15,185 shares during the period.

Goldman Sachs Innovate Equity ETF Stock Performance

Shares of NYSEARCA GINN opened at $77.08 on Wednesday. Goldman Sachs Innovate Equity ETF has a 52-week low of $64.06 and a 52-week high of $80.98. The firm has a 50 day moving average price of $75.13 and a two-hundred day moving average price of $73.86. The stock has a market cap of $215.82 million, a P/E ratio of 23.29 and a beta of 1.15.

About Goldman Sachs Innovate Equity ETF

The Goldman Sachs Innovate Equity ETF (GINN) is an exchange-traded fund that is based on the Solactive Innovative Global Equity index. The fund selects companies globally, believed to benefit from technological innovation and changes in the economy across five themes: data, finance, human evolution, manufacturing, and shifts with consumers. GINN was launched on Nov 6, 2020 and is managed by Goldman Sachs.