Goldman Sachs MarketBeta Emerging Markets Equity ETF (BATS:GSEE) Shares Down 2.6% – Time to Sell?

Goldman Sachs MarketBeta Emerging Markets Equity ETF (BATS:GSEE)’s stock price traded down 2.6% during trading on Wednesday . The company traded as low as $68.58 and last traded at $68.72. Approximately 494 shares traded hands during trading, a decline of 90% from the average daily volume of 5,074 shares. The stock had previously closed at $70.53.

Goldman Sachs MarketBeta Emerging Markets Equity ETF Stock Down 2.6%

The stock has a market cap of $158.06 million, a price-to-earnings ratio of 15.21 and a beta of 0.61. The company’s 50-day moving average is $68.73 and its 200-day moving average is $63.19.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GSEE. Bank of America Corp DE bought a new position in shares of Goldman Sachs MarketBeta Emerging Markets Equity ETF during the first quarter valued at $3,374,000. OLD Mission Capital LLC raised its stake in shares of Goldman Sachs MarketBeta Emerging Markets Equity ETF by 33.3% in the fourth quarter. OLD Mission Capital LLC now owns 93,439 shares of the company’s stock worth $5,260,000 after acquiring an additional 23,350 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Goldman Sachs MarketBeta Emerging Markets Equity ETF during the fourth quarter valued at approximately $320,000. Commonwealth Equity Services LLC acquired a new position in Goldman Sachs MarketBeta Emerging Markets Equity ETF during the 4th quarter worth $1,869,000. Finally, LPL Financial LLC boosted its position in Goldman Sachs MarketBeta Emerging Markets Equity ETF by 55.2% in the 4th quarter. LPL Financial LLC now owns 8,988 shares of the company’s stock valued at $506,000 after buying an additional 3,195 shares during the last quarter.

Goldman Sachs MarketBeta Emerging Markets Equity ETF Company Profile

The Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging-market equities, selected and weighted by market capitalization. GSEE was launched on May 12, 2020 and is managed by Goldman Sachs.