Goldman Sachs MarketBeta Emerging Markets Equity ETF (BATS:GSEE) Trading Up 5.4% – Here’s Why

Goldman Sachs MarketBeta Emerging Markets Equity ETF (BATS:GSEE) shares traded up 5.4% during mid-day trading on Wednesday . The company traded as high as $62.36 and last traded at $62.28. 3,385 shares changed hands during trading, a decline of 48% from the average session volume of 6,550 shares. The stock had previously closed at $59.11.

Goldman Sachs MarketBeta Emerging Markets Equity ETF Price Performance

The company has a market cap of $143.24 million, a price-to-earnings ratio of 15.21 and a beta of 0.61. The business’s 50-day simple moving average is $60.91 and its 200-day simple moving average is $58.51.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. OLD Mission Capital LLC raised its position in Goldman Sachs MarketBeta Emerging Markets Equity ETF by 33.3% during the fourth quarter. OLD Mission Capital LLC now owns 93,439 shares of the company’s stock worth $5,260,000 after acquiring an additional 23,350 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in Goldman Sachs MarketBeta Emerging Markets Equity ETF during the fourth quarter worth about $1,869,000. Citadel Advisors LLC raised its position in Goldman Sachs MarketBeta Emerging Markets Equity ETF by 82.1% during the third quarter. Citadel Advisors LLC now owns 78,583 shares of the company’s stock worth $4,364,000 after acquiring an additional 35,418 shares during the last quarter. LPL Financial LLC raised its position in Goldman Sachs MarketBeta Emerging Markets Equity ETF by 55.2% during the fourth quarter. LPL Financial LLC now owns 8,988 shares of the company’s stock worth $506,000 after acquiring an additional 3,195 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Goldman Sachs MarketBeta Emerging Markets Equity ETF in the fourth quarter valued at approximately $320,000.

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.