Cetera Investment Advisers Lowers Holdings in Goldman Sachs Innovate Equity ETF $GINN

Cetera Investment Advisers reduced its position in shares of Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) by 19.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,967 shares of the company’s stock after selling 1,420 shares during the period. Cetera Investment Advisers owned approximately 0.17% of Goldman Sachs Innovate Equity ETF worth $351,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Hughes Financial Services LLC boosted its stake in Goldman Sachs Innovate Equity ETF by 0.7% during the first quarter. Hughes Financial Services LLC now owns 542,532 shares of the company’s stock valued at $31,986,000 after buying an additional 3,748 shares during the period. Berger Financial Group Inc raised its holdings in shares of Goldman Sachs Innovate Equity ETF by 0.8% in the 4th quarter. Berger Financial Group Inc now owns 283,174 shares of the company’s stock valued at $17,428,000 after acquiring an additional 2,138 shares in the last quarter. SOL Capital Management CO boosted its position in shares of Goldman Sachs Innovate Equity ETF by 1.1% during the 1st quarter. SOL Capital Management CO now owns 79,795 shares of the company’s stock valued at $4,698,000 after acquiring an additional 871 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Goldman Sachs Innovate Equity ETF by 1.3% during the 4th quarter. Bank of America Corp DE now owns 36,328 shares of the company’s stock valued at $2,236,000 after acquiring an additional 456 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Goldman Sachs Innovate Equity ETF during the fourth quarter worth about $1,198,000.

Goldman Sachs Innovate Equity ETF Trading Up 0.2%

GINN stock opened at $70.22 on Tuesday. The company’s 50 day moving average is $67.49 and its 200 day moving average is $63.28. The stock has a market cap of $231.73 million, a price-to-earnings ratio of 23.29 and a beta of 1.07. Goldman Sachs Innovate Equity ETF has a 1-year low of $50.32 and a 1-year high of $70.22.

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.