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 change was disclosed in the firm’s most recent Form 13F filing with the Securities and Exchange Commission (SEC). Post-sale, Penney Financial now holds 375,939 shares of this ETF after liquidating 10,095 shares in the specified period.

The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF constitutes about 29.0% of Penney Financial LLC’s entire investment portfolio, making it their largest investment. At the end of the most recent quarter, the firm owned 0.33% of the ETF, with an estimated value of $42,459,000.

Other institutional investors have also modified their stakes in the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF recently. For instance, Sanctuary Advisors LLC established a new position during the second quarter amounting to approximately $62,951,000. Furthermore, Nabity Jensen Investment Management Inc. bought into the ETF during the third quarter, with an investment valued around $13,737,000.

Leo Wealth LLC reported a 16.6% increase in its holdings in GSLC during the third quarter, resulting in ownership of 444,368 shares valued at approximately $50,187,000, thanks to the acquisition of an additional 63,354 shares in the last quarter. Additionally, Eaton Financial Holdings Company LLC and Arvest Bank Trust Division made their entries into the ETF, investing $6,255,000 and $6,077,000, respectively, during the third quarter.

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

As of Tuesday, NYSEARCA:GSLC was trading at $115.60, reflecting a decrease of 1.1%. It has a 50-day moving average of $117.20 and a 200-day moving average of $112.09. The ETF reached a 1-year low of $92.12 and a 1-year high of $121.00. With a market capitalization of $13.36 billion, it features a P/E ratio of 22.89 and a beta value of 0.98, indicating its performance relative to the market.

Overview of 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 primarily focusing on large-cap equities. This fund tracks a specific index that encompasses U.S. large-cap stocks, subdivided into four factors: value, momentum, quality, and low volatility. The indices are constructed to evaluate various facets, maintaining an equal weighting across each sub-index.

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