Penney Financial LLC Reduces Stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

Penney Financial LLC has decreased its holdings in the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) by 2.6% during the third quarter of the year. This reduction was disclosed in the company's latest Form 13F filing with the Securities and Exchange Commission (SEC). After selling 10,095 shares, Penney Financial now owns 375,939 shares of GSLC, making this ETF the largest position in their investment portfolio, representing approximately 29.0% of it.

As of the end of the most recent quarter, Penney Financial held a total worth of $42,459,000 in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF, accounting for 0.33% of the ETF's total shares.

Other institutional investors and hedge funds have also made adjustments regarding their stakes in GSLC. For instance, Sanctuary Advisors LLC established a new stake in the ETF valued at around $62,951,000 during the second quarter. Similarly, Nabity Jensen Investment Management Inc acquired a new stake worth about $13,737,000 in the third quarter. Leo Wealth LLC increased its position by 16.6% in the same quarter, now holding 444,368 shares worth approximately $50,187,000 after buying an additional 63,354 shares. Additionally, Eaton Financial Holdings Company LLC and Arvest Bank Trust Division also made new investments in GSLC valued at $6,255,000 and $6,077,000, respectively.

Current Market Performance of GSLC

On Tuesday, GSLC opened at $115.60. The ETF’s 50-day moving average is $117.20, while the 200-day moving average stands at $112.09. Over the past year, the ETF has experienced a low of $92.12 and a high of $121.00. The market capitalization of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF is approximately $13.36 billion, with a price-to-earnings (P/E) ratio of 22.89 and a beta value of 0.98, indicating its volatility in relation to the market.

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

The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) is an exchange-traded fund that primarily focuses on large-cap equities. It tracks an index composed of U.S. large-cap stocks, which are categorized into four sub-indexes: value, momentum, quality, and low volatility. Each sub-index is assigned equal weight in the investment strategy used for selecting stocks.

Conclusion

In summary, Penney Financial LLC's reduction in its stake highlights the ongoing shifts in investment strategies among institutional investors. As various funds adjust their positions, it will be important to monitor the overall performance of the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF in the forthcoming quarters.

Penney, GoldmanSachs, Investment