Droms Strauss Advisors Inc. MO ADV Makes New Investment in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF $GSLC

Droms Strauss Advisors Inc. MO ADV bought a new position in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 364,515 shares of the company’s stock, valued at approximately $52,869,000. Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF makes up about 12.2% of Droms Strauss Advisors Inc. MO ADV’s holdings, making the stock its 2nd biggest holding. Droms Strauss Advisors Inc. MO ADV owned about 0.35% of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Envestnet Asset Management Inc. boosted its position in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 18.8% during the second quarter. Envestnet Asset Management Inc. now owns 3,182,271 shares of the company’s stock worth $451,532,000 after acquiring an additional 503,551 shares during the last quarter. HB Wealth Management LLC lifted its stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 4.6% in the 2nd quarter. HB Wealth Management LLC now owns 1,305,326 shares of the company’s stock worth $185,213,000 after purchasing an additional 56,976 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 1.0% in the first quarter. Cetera Investment Advisers now owns 1,012,508 shares of the company’s stock valued at $126,695,000 after purchasing an additional 10,074 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF in the third quarter valued at approximately $115,495,000. Finally, Goldstein Advisors LLC increased its holdings in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 2.0% in the third quarter. Goldstein Advisors LLC now owns 634,120 shares of the company’s stock valued at $91,973,000 after purchasing an additional 12,181 shares during the last quarter.

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

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF stock traded up $0.14 during trading on Friday, reaching $140.91. 236,429 shares of the company were exchanged, compared to its average volume of 295,891. Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF has a 52-week low of $121.12 and a 52-week high of $148.93. The company has a market capitalization of $14.95 billion, a P/E ratio of 24.08 and a beta of 0.98. The stock’s 50 day simple moving average is $146.08 and its two-hundred day simple moving average is $139.57.

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