Hennion & Walsh Asset Management Inc. Decreases Stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF $GSLC

Hennion & Walsh Asset Management Inc. trimmed its position in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) by 51.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 271,998 shares of the company’s stock after selling 291,099 shares during the period. Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF comprises approximately 1.1% of Hennion & Walsh Asset Management Inc.’s holdings, making the stock its 10th biggest holding. Hennion & Walsh Asset Management Inc.’s holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF were worth $38,594,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Valeo Financial Advisors LLC bought a new stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF during the 2nd quarter worth approximately $218,000. Elmwood Wealth Management Inc. boosted its holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 5.7% in the 2nd quarter. Elmwood Wealth Management Inc. now owns 29,671 shares of the company’s stock valued at $4,210,000 after purchasing an additional 1,608 shares during the period. Archer Investment Management LLC boosted its holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 10.5% in the 2nd quarter. Archer Investment Management LLC now owns 17,590 shares of the company’s stock valued at $2,496,000 after purchasing an additional 1,667 shares during the period. Dynamic Advisor Solutions LLC grew its position in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 10.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 359,896 shares of the company’s stock valued at $51,066,000 after purchasing an additional 35,110 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 12.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,759 shares of the company’s stock valued at $391,000 after purchasing an additional 303 shares in the last quarter.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Stock Performance

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF stock opened at $147.87 on Friday. The stock has a market cap of $15.54 billion, a P/E ratio of 24.08 and a beta of 0.99. Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF has a fifty-two week low of $121.12 and a fifty-two week high of $148.23. The firm’s fifty day moving average price is $142.24 and its 200-day moving average price is $136.35.

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

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.