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

Penney Financial LLC has made adjustments to its investment in the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC). In the third quarter, the firm reduced its holdings by 2.6%. This information was revealed in Penney Financial's latest Form 13F filing with the Securities and Exchange Commission (SEC). After the reduction, the institutional investor held 375,939 shares of the ETF, having sold 10,095 shares during this period.

The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF now represents about 29.0% of Penney Financial LLC's total investment portfolio, confirming its position as the largest investment for the firm. As of the end of the most recent quarter, Penney Financial LLC owned 0.33% of the ETF, with a total value of $42,459,000.

In addition to Penney Financial LLC, there have been other notable changes among institutional investors regarding their interests in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF. For instance, Sanctuary Advisors LLC acquired a new stake in the ETF earlier in the second quarter, valued at approximately $62,951,000. Similarly, Nabity Jensen Investment Management Inc. made an investment during the third quarter worth about $13,737,000.

Another prominent investment came from Leo Wealth LLC, which increased its holdings in the ETF by 16.6% in the third quarter. After acquiring an additional 63,354 shares, Leo Wealth LLC's total shares rose to 444,368, representing a valuation of around $50,187,000. Additionally, Eaton Financial Holdings Company LLC and Arvest Bank Trust Division entered new positions in the ETF, valued at $6,255,000 and $6,077,000, respectively.

Recent Performance of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

On the trading front, the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF opened at $115.60 recently. The 50-day moving average of the ETF stands at $117.20, while the 200-day moving average is recorded at $112.09. Over the past year, the ETF has seen a low of $92.12 and a high of $121.00. The market capitalization of the 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 compared to the broader market.

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

The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF, commonly referred to as GSLC, primarily invests in large-cap equities. The ETF aims to track an index composed of U.S. large-cap stocks, which includes four sub-indexes: value, momentum, quality, and low volatility. This unique index utilizes multiple factors in its stock selection process, assigning equal weight to each sub-index.

Conclusion

Overall, Penney Financial LLC's recent stock adjustments reflect broader trends among institutional investors regarding the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF. As more investors re-evaluate their portfolios and investment strategies, the dynamics of this ETF and its performance continue to capture market attention.

investment, ETF, HedgeFunds