Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) Stock Price Down 1% – Here’s What Happened

Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) shares fell 1% during mid-day trading on Thursday . The company traded as low as $60.24 and last traded at $60.28. 6,316 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 18,621 shares. The stock had previously closed at $60.86.

Goldman Sachs Innovate Equity ETF Trading Down 1.0 %

The stock’s 50-day moving average is $57.97 and its 200-day moving average is $56.68. The stock has a market cap of $379.76 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 hedge fund recently bought a new stake in Goldman Sachs Innovate Equity ETF stock. New England Private Wealth Advisors LLC acquired a new position in Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,691 shares of the company’s stock, valued at approximately $380,000. New England Private Wealth Advisors LLC owned about 0.11% of Goldman Sachs Innovate Equity ETF at the end of the most recent reporting period.

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.