Genesis Private Wealth LLC Invests $4.24 Million in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF $GSLC

Genesis Private Wealth LLC purchased a new stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 32,024 shares of the company’s stock, valued at approximately $4,239,000. Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF makes up 1.3% of Genesis Private Wealth LLC’s investment portfolio, making the stock its 24th largest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Betterment LLC boosted its stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 4.4% during the third quarter. Betterment LLC now owns 5,847,849 shares of the company’s stock worth $761,858,000 after buying an additional 248,198 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 0.5% in the 2nd quarter. Bank of America Corp DE now owns 3,069,380 shares of the company’s stock worth $372,561,000 after acquiring an additional 14,917 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 0.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,511,829 shares of the company’s stock worth $327,241,000 after acquiring an additional 20,804 shares during the last quarter. RiverFront Investment Group LLC raised its holdings in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 0.9% during the 2nd quarter. RiverFront Investment Group LLC now owns 1,807,277 shares of the company’s stock worth $219,367,000 after acquiring an additional 16,820 shares during the period. Finally, HB Wealth Management LLC raised its holdings in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 7.2% during the 3rd quarter. HB Wealth Management LLC now owns 1,148,037 shares of the company’s stock worth $149,566,000 after acquiring an additional 76,936 shares during the period.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Trading Down 1.4%

Shares of GSLC stock opened at $124.96 on Friday. The company’s 50-day moving average price is $131.80 and its 200-day moving average price is $131.23. Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF has a twelve month low of $94.88 and a twelve month high of $134.87. The stock has a market cap of $13.87 billion, a price-to-earnings ratio of 24.08 and a beta of 0.99.

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.