Highland Financial Advisors LLC Trims Holdings in Goldman Sachs Innovate Equity ETF $GINN

Highland Financial Advisors LLC lowered its stake in shares of Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) by 81.5% in the second quarter, Holdings Channel reports. The institutional investor owned 46,412 shares of the company’s stock after selling 203,870 shares during the quarter. Goldman Sachs Innovate Equity ETF accounts for approximately 0.8% of Highland Financial Advisors LLC’s portfolio, making the stock its 20th biggest position. Highland Financial Advisors LLC’s holdings in Goldman Sachs Innovate Equity ETF were worth $3,656,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Cassaday & Co Wealth Management LLC acquired a new stake in Goldman Sachs Innovate Equity ETF in the first quarter valued at $127,000. Barclays PLC acquired a new position in Goldman Sachs Innovate Equity ETF during the 4th quarter worth $392,000. Farther Finance Advisors LLC grew its holdings in Goldman Sachs Innovate Equity ETF by 4.2% during the 4th quarter. Farther Finance Advisors LLC now owns 7,139 shares of the company’s stock worth $522,000 after acquiring an additional 290 shares in the last quarter. LPL Financial LLC increased its position 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 purchasing an additional 757 shares during the last quarter. Finally, Susquehanna International Group LLP increased its position 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 purchasing an additional 1,585 shares during the last quarter.

Goldman Sachs Innovate Equity ETF Stock Performance

Shares of Goldman Sachs Innovate Equity ETF stock opened at $82.12 on Tuesday. Goldman Sachs Innovate Equity ETF has a 1 year low of $65.63 and a 1 year high of $82.15. The firm’s 50-day simple moving average is $78.55 and its 200-day simple moving average is $75.18. The firm has a market cap of $213.51 million, a PE ratio of 23.29 and a beta of 1.15.

Goldman Sachs Innovate Equity ETF Company Profile

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.