StoneX Group Inc. Acquires New Stake in Goldman Sachs Innovate Equity ETF $GINN

StoneX Group Inc. purchased a new stake in Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 36,448 shares of the company’s stock, valued at approximately $3,000,000. StoneX Group Inc. owned 1.66% of Goldman Sachs Innovate Equity ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Summa Corp. raised its position in Goldman Sachs Innovate Equity ETF by 208.9% during the third quarter. Summa Corp. now owns 170,354 shares of the company’s stock valued at $13,802,000 after buying an additional 115,204 shares during the period. New England Private Wealth Advisors LLC raised its stake in shares of Goldman Sachs Innovate Equity ETF by 2.9% during the 3rd quarter. New England Private Wealth Advisors LLC now owns 12,573 shares of the company’s stock worth $1,019,000 after purchasing an additional 359 shares in the last quarter. Soltis Investment Advisors LLC purchased a new stake in shares of Goldman Sachs Innovate Equity ETF during the 3rd quarter worth about $290,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Goldman Sachs Innovate Equity ETF during the 2nd quarter worth about $157,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in shares of Goldman Sachs Innovate Equity ETF during the 1st quarter valued at about $127,000.

Goldman Sachs Innovate Equity ETF Stock Performance

Shares of NYSEARCA GINN opened at $78.37 on Monday. The stock has a market cap of $172.41 million, a price-to-earnings ratio of 23.29 and a beta of 1.16. The business has a 50 day simple moving average of $81.03 and a 200 day simple moving average of $77.11. Goldman Sachs Innovate Equity ETF has a 52 week low of $65.63 and a 52 week high of $83.29.

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. GINN was launched on Nov 6, 2020 and is managed by Goldman Sachs.