Summa Corp. Buys 32,183 Shares of Goldman Sachs Innovate Equity ETF $GINN

Summa Corp. increased its stake in shares of Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) by 960.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,533 shares of the company’s stock after acquiring an additional 32,183 shares during the quarter. Goldman Sachs Innovate Equity ETF comprises about 1.0% of Summa Corp.’s portfolio, making the stock its 16th largest holding. Summa Corp.’s holdings in Goldman Sachs Innovate Equity ETF were worth $2,427,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the company. Barclays PLC bought a new position in shares of Goldman Sachs Innovate Equity ETF during the 4th quarter valued at approximately $392,000. Farther Finance Advisors LLC lifted its position in Goldman Sachs Innovate Equity ETF by 4.2% during the fourth quarter. Farther Finance Advisors LLC now owns 7,139 shares of the company’s stock valued at $522,000 after purchasing an additional 290 shares during the last quarter. LPL Financial LLC grew its stake in shares of Goldman Sachs Innovate Equity ETF by 10.5% in the 4th quarter. LPL Financial LLC now owns 7,967 shares of the company’s stock worth $582,000 after buying an additional 757 shares in the last quarter. Susquehanna International Group LLP grew its stake in shares of 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 worth $674,000 after buying an additional 1,585 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Goldman Sachs Innovate Equity ETF by 33.4% in the 4th quarter. Cetera Investment Advisers now owns 11,194 shares of the company’s stock worth $818,000 after buying an additional 2,803 shares during the last quarter.

Goldman Sachs Innovate Equity ETF Price Performance

Shares of NYSEARCA GINN traded down $0.08 during mid-day trading on Friday, hitting $79.45. 604 shares of the company’s stock traded hands, compared to its average volume of 4,688. Goldman Sachs Innovate Equity ETF has a 1 year low of $65.63 and a 1 year high of $80.98. The company’s 50-day moving average is $77.94 and its two-hundred day moving average is $74.55. The company has a market capitalization of $214.51 million, a P/E ratio of 23.29 and a beta of 1.14.

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.