Goldman Sachs MarketBeta Emerging Markets Equity ETF (BATS:GSEE) Stock Price Down 0.9% – What’s Next?

Goldman Sachs MarketBeta Emerging Markets Equity ETF (BATS:GSEE) dropped 0.9% on Thursday. The stock traded as low as $64.77 and last traded at $65.81. Approximately 3,197 shares traded hands during trading, a decline of 27% from the average daily volume of 4,381 shares. The stock had previously closed at $66.38.

Goldman Sachs MarketBeta Emerging Markets Equity ETF Trading Down 1.6%

The firm has a market capitalization of $148.97 million, a PE ratio of 15.21 and a beta of 0.61. The business’s 50 day simple moving average is $68.85 and its 200 day simple moving average is $67.60.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE bought a new position in Goldman Sachs MarketBeta Emerging Markets Equity ETF during the 1st quarter valued at about $3,374,000. Citadel Advisors LLC lifted its stake in shares of Goldman Sachs MarketBeta Emerging Markets Equity ETF by 576.8% during the 2nd quarter. Citadel Advisors LLC now owns 33,292 shares of the company’s stock worth $2,348,000 after acquiring an additional 28,373 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Goldman Sachs MarketBeta Emerging Markets Equity ETF during the 2nd quarter worth approximately $170,000.

Goldman Sachs MarketBeta Emerging Markets Equity ETF Company Profile

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.