Goldman Sachs MarketBeta Emerging Markets Equity ETF (BATS:GSEE) Trading Down 2% – Time to Sell?

Shares of Goldman Sachs MarketBeta Emerging Markets Equity ETF (BATS:GSEE) traded down 2% during mid-day trading on Wednesday . The company traded as low as $59.72 and last traded at $59.72. 906 shares were traded during trading, a decline of 85% from the average session volume of 6,085 shares. The stock had previously closed at $60.92.

Goldman Sachs MarketBeta Emerging Markets Equity ETF Stock Down 2.0%

The firm has a 50-day simple moving average of $61.29 and a 200-day simple moving average of $58.01. The stock has a market cap of $137.36 million, a PE ratio of 15.21 and a beta of 0.61.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC lifted its holdings in shares of Goldman Sachs MarketBeta Emerging Markets Equity ETF by 82.1% in the third quarter. Citadel Advisors LLC now owns 78,583 shares of the company’s stock worth $4,364,000 after buying an additional 35,418 shares in the last quarter. LPL Financial LLC lifted its stake in Goldman Sachs MarketBeta Emerging Markets Equity ETF by 55.2% in the 4th quarter. LPL Financial LLC now owns 8,988 shares of the company’s stock worth $506,000 after purchasing an additional 3,195 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in Goldman Sachs MarketBeta Emerging Markets Equity ETF in the 4th quarter worth approximately $1,869,000. Jane Street Group LLC bought a new position in Goldman Sachs MarketBeta Emerging Markets Equity ETF in the 4th quarter valued at $320,000. Finally, OLD Mission Capital LLC boosted its holdings in Goldman Sachs MarketBeta Emerging Markets Equity ETF by 33.3% in the 4th quarter. OLD Mission Capital LLC now owns 93,439 shares of the company’s stock valued at $5,260,000 after purchasing an additional 23,350 shares during the period.

About Goldman Sachs MarketBeta Emerging Markets Equity ETF

The Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging-market equities, selected and weighted by market capitalization. GSEE was launched on May 12, 2020 and is managed by Goldman Sachs.