Commonwealth Financial Services LLC Buys New Position in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF $GSLC
by Michael Walen · The Markets DailyCommonwealth Financial Services LLC bought a new position in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,209 shares of the company’s stock, valued at approximately $1,191,000.
Several other institutional investors also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 18.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,182,271 shares of the company’s stock worth $451,532,000 after purchasing an additional 503,551 shares during the period. HB Wealth Management LLC increased its holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 4.6% during the second quarter. HB Wealth Management LLC now owns 1,305,326 shares of the company’s stock valued at $185,213,000 after buying an additional 56,976 shares during the period. Cetera Investment Advisers raised its position in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 1.0% in the 1st quarter. Cetera Investment Advisers now owns 1,012,508 shares of the company’s stock worth $126,695,000 after acquiring an additional 10,074 shares in the last quarter. Goldstein Advisors LLC raised its holdings in 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 worth $91,973,000 after purchasing an additional 12,181 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 7.1% in the 1st quarter. Royal Bank of Canada now owns 715,231 shares of the company’s stock valued at $89,497,000 after buying an additional 47,539 shares in the last quarter.
Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Trading Up 0.4%
Shares of GSLC stock traded up $0.51 during trading hours on Tuesday, reaching $146.88. 139,988 shares of the company’s stock were exchanged, compared to its average volume of 299,141. The company has a market cap of $15.22 billion, a price-to-earnings 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 $148.93. The stock’s 50 day moving average is $146.57 and its 200-day moving average is $142.13.
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.
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