Montecito Bank & Trust Buys New Stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF $GSLC

Montecito Bank & Trust bought a new position in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,350 shares of the company’s stock, valued at approximately $1,211,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. QRG Capital Management Inc. acquired a new stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF in the second quarter worth $863,000. Envestnet Portfolio Solutions Inc. grew its stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 31.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 240,491 shares of the company’s stock valued at $34,123,000 after buying an additional 57,504 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 18.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,182,271 shares of the company’s stock worth $451,532,000 after acquiring an additional 503,551 shares during the period. Silicon Valley Capital Partners raised its holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 5.4% in the 2nd quarter. Silicon Valley Capital Partners now owns 138,245 shares of the company’s stock worth $19,616,000 after acquiring an additional 7,070 shares during the period. Finally, IFP Advisors Inc raised its holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 3.8% in the 2nd quarter. IFP Advisors Inc now owns 8,938 shares of the company’s stock worth $1,268,000 after acquiring an additional 327 shares during the period.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Stock Up 0.3%

GSLC stock traded up $0.47 during mid-day trading on Thursday, reaching $145.51. 469,442 shares of the stock traded hands, compared to its average volume of 307,533. Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF has a 52 week low of $121.12 and a 52 week high of $148.93. The business has a 50-day moving average of $145.71 and a two-hundred day moving average of $140.16. The firm has a market capitalization of $15.12 billion, a PE ratio of 24.08 and a beta of 0.99.

About Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-cap stocks comprising 4 sub-indexes: value, momentum, quality, and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GSLC was launched on Sep 21, 2015 and is managed by Goldman Sachs.