Goldman Sachs MarketBeta Emerging Markets Equity ETF (BATS:GSEE) Shares Down 0.9% – Should You Sell?

Goldman Sachs MarketBeta Emerging Markets Equity ETF (BATS:GSEE)’s share price was down 0.9% during mid-day trading on Thursday. The company traded as low as $64.77 and last traded at $65.81. 3,197 shares were traded during mid-day trading, a decline of 27% from the average session volume of 4,381 shares. The stock had previously closed at $66.38.

Goldman Sachs MarketBeta Emerging Markets Equity ETF Trading Down 0.9%

The business’s fifty day simple moving average is $68.90 and its 200-day simple moving average is $67.62. The firm has a market cap of $151.36 million, a P/E ratio of 15.21 and a beta of 0.61.

Hedge Funds Weigh In On Goldman Sachs MarketBeta Emerging Markets Equity ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE purchased a new stake in Goldman Sachs MarketBeta Emerging Markets Equity ETF during the 1st quarter valued at about $3,374,000. Citadel Advisors LLC increased its position in shares of Goldman Sachs MarketBeta Emerging Markets Equity ETF by 576.8% in the second quarter. Citadel Advisors LLC now owns 33,292 shares of the company’s stock valued at $2,348,000 after acquiring an additional 28,373 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Goldman Sachs MarketBeta Emerging Markets Equity ETF during the second quarter valued at about $170,000.

Goldman Sachs MarketBeta Emerging Markets Equity ETF Company Profile

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.