Goldman Sachs MarketBeta Emerging Markets Equity ETF (BATS:GSEE) Shares Down 0.4% – Time to Sell?

Goldman Sachs MarketBeta Emerging Markets Equity ETF (BATS:GSEE) fell 0.4% during trading on Wednesday . The company traded as low as $66.82 and last traded at $66.83. Approximately 9,335 shares changed hands during mid-day trading, an increase of 92% from the average session volume of 4,865 shares. The stock had previously closed at $67.07.

Goldman Sachs MarketBeta Emerging Markets Equity ETF Price Performance

The firm’s 50 day simple moving average is $68.93 and its 200-day simple moving average is $64.36. The company has a market cap of $153.71 million, a price-to-earnings ratio of 15.21 and a beta of 0.61.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in Goldman Sachs MarketBeta Emerging Markets Equity ETF in the 4th quarter valued at about $320,000. LPL Financial LLC increased its holdings in shares of Goldman Sachs MarketBeta Emerging Markets Equity ETF by 55.2% in the fourth quarter. LPL Financial LLC now owns 8,988 shares of the company’s stock valued at $506,000 after purchasing an additional 3,195 shares during the period. Commonwealth Equity Services LLC acquired a new position in shares of Goldman Sachs MarketBeta Emerging Markets Equity ETF in the fourth quarter valued at approximately $1,869,000. Bank of America Corp DE purchased a new position in Goldman Sachs MarketBeta Emerging Markets Equity ETF in the 1st quarter valued at $3,374,000. Finally, Citadel Advisors LLC increased its stake in Goldman Sachs MarketBeta Emerging Markets Equity ETF by 82.1% in the 3rd quarter. Citadel Advisors LLC now owns 78,583 shares of the company’s stock valued at $4,364,000 after buying an additional 35,418 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.