Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) Stock Price Up 0.2%

Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN)’s stock price rose 0.2% on Monday . The stock traded as high as $57.92 and last traded at $57.86. Approximately 6,205 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 10,905 shares. The stock had previously closed at $57.74.

Goldman Sachs Innovate Equity ETF Price Performance

The stock’s 50-day simple moving average is $56.29 and its 200 day simple moving average is $54.54. The stock has a market capitalization of $364.52 million, a P/E ratio of 26.00 and a beta of 1.25.

Hedge Funds Weigh In On Goldman Sachs Innovate Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Modera Wealth Management LLC bought a new stake in shares of Goldman Sachs Innovate Equity ETF in the third quarter valued at about $154,000. Raymond James & Associates boosted its position in shares of Goldman Sachs Innovate Equity ETF by 11.0% in the fourth quarter. Raymond James & Associates now owns 20,182 shares of the company’s stock valued at $1,059,000 after acquiring an additional 2,007 shares during the period. SOL Capital Management CO boosted its position in shares of Goldman Sachs Innovate Equity ETF by 1.8% in the first quarter. SOL Capital Management CO now owns 90,197 shares of the company’s stock valued at $5,063,000 after acquiring an additional 1,578 shares during the period. Gladstone Institutional Advisory LLC boosted its position in shares of Goldman Sachs Innovate Equity ETF by 1.9% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 93,464 shares of the company’s stock valued at $4,906,000 after acquiring an additional 1,715 shares during the period. Finally, HBW Advisory Services LLC raised its stake in Goldman Sachs Innovate Equity ETF by 0.8% in the fourth quarter. HBW Advisory Services LLC now owns 93,699 shares of the company’s stock valued at $4,918,000 after purchasing an additional 743 shares in the last quarter.

About Goldman Sachs Innovate Equity ETF

The Goldman Sachs Innovate Equity ETF (GINN) is an exchange-traded fund that is based on the Solactive Innovative Global Equity index. The fund selects companies globally, believed to benefit from technological innovation and changes in the economy across five themes: data, finance, human evolution, manufacturing, and shifts with consumers.