Goldman Sachs MarketBeta Emerging Markets Equity ETF (BATS:GSEE) Trading 1.7% Higher – Here’s Why

Goldman Sachs MarketBeta Emerging Markets Equity ETF (BATS:GSEE) shares traded up 1.7% during trading on Tuesday . The stock traded as high as $64.66 and last traded at $64.54. 5,622 shares changed hands during trading, a decline of 22% from the average session volume of 7,234 shares. The stock had previously closed at $63.47.

Goldman Sachs MarketBeta Emerging Markets Equity ETF Stock Performance

The company has a fifty day simple moving average of $60.27 and a two-hundred day simple moving average of $57.17. The firm has a market capitalization of $148.47 million, a PE ratio of 15.21 and a beta of 0.61.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GSEE. Citadel Advisors LLC raised its holdings in shares of Goldman Sachs MarketBeta Emerging Markets Equity ETF by 82.1% in the 3rd quarter. Citadel Advisors LLC now owns 78,583 shares of the company’s stock valued at $4,364,000 after purchasing an additional 35,418 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Goldman Sachs MarketBeta Emerging Markets Equity ETF by 55.2% during the fourth quarter. LPL Financial LLC now owns 8,988 shares of the company’s stock valued at $506,000 after purchasing an additional 3,195 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in Goldman Sachs MarketBeta Emerging Markets Equity ETF during the fourth quarter valued at approximately $1,869,000. Jane Street Group LLC bought a new position in Goldman Sachs MarketBeta Emerging Markets Equity ETF in the fourth quarter worth approximately $320,000. Finally, OLD Mission Capital LLC lifted its holdings in Goldman Sachs MarketBeta Emerging Markets Equity ETF by 33.3% during the fourth quarter. OLD Mission Capital LLC now owns 93,439 shares of the company’s stock worth $5,260,000 after buying an additional 23,350 shares during the period.

About Goldman Sachs MarketBeta Emerging Markets Equity ETF

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.