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

Highland Financial Advisors LLC reduced its position in shares of Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) by 81.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,412 shares of the company’s stock after selling 203,870 shares during the period. Goldman Sachs Innovate Equity ETF comprises 0.8% of Highland Financial Advisors LLC’s portfolio, making the stock its 20th largest position. Highland Financial Advisors LLC owned 1.72% of Goldman Sachs Innovate Equity ETF worth $3,656,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. 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 valued at $522,000 after purchasing an additional 290 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Goldman Sachs Innovate Equity ETF by 2.1% in the 3rd quarter. Raymond James Financial Inc. now owns 18,078 shares of the company’s stock worth $1,335,000 after buying an additional 375 shares in the last quarter. LPL Financial LLC lifted its holdings in 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. Bank of America Corp DE boosted its position in Goldman Sachs Innovate Equity ETF by 2.7% in the 3rd quarter. Bank of America Corp DE now owns 36,252 shares of the company’s stock valued at $2,677,000 after buying an additional 959 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its position in 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 valued at $674,000 after buying an additional 1,585 shares during the last quarter.

Goldman Sachs Innovate Equity ETF Price Performance

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

Goldman Sachs Innovate Equity ETF 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.