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

Penney Financial LLC has decreased its stake in the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) by 2.6% during the third quarter of the year. This information comes from the firm's recent Form 13F filing with the Securities and Exchange Commission (SEC). Following the sale of 10,095 shares, Penney Financial LLC now holds a total of 375,939 shares.

The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF constitutes approximately 29.0% of Penney Financial LLC's overall investment portfolio, marking it as the firm's largest position. At the conclusion of the most recent quarter, Penney Financial owned about 0.33% of GSLC, valued at approximately $42,459,000.

Moreover, several other institutional investors and hedge funds have recently adjusted their holdings in this ETF. For instance, Sanctuary Advisors LLC made a new investment in GSLC valued at around $62,951,000 during the second quarter. In addition, Nabity Jensen Investment Management Inc also acquired a stake in the third quarter, estimated at about $13,737,000. Leo Wealth LLC increased its investment in the ETF by 16.6% during this period, now owning 444,368 shares worth approximately $50,187,000 after purchasing an additional 63,354 shares. Other notable acquisitions include Eaton Financial Holdings Company LLC and Arvest Bank Trust Division, both entering new positions worth $6,255,000 and $6,077,000, respectively.

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

As of the latest trading session, GSLC was valued at $115.60, reflecting a decline of 1.1%. The ETF’s 50-day moving average stands at $117.20, while its 200-day moving average is recorded at $112.09. Throughout the past year, the ETF has exhibited a low of $92.12 and reached a peak of $121.00, with a market capitalization of $13.36 billion, a Price-to-Earnings (P/E) ratio of 22.89, and a beta of 0.98, indicating its slight volatility compared to the broader market.

Insight into Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) is designed to track an index comprised primarily of U.S. large-cap stocks. This ETF utilizes four distinct sub-indexes that focus on value, momentum, quality, and low volatility, hence strategically balancing its investments across different market factors.

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