Goldman Sachs Innovate Equity ETF $GINN Stock: Summa Corp. Increases Position

Summa Corp. lifted its holdings in shares of Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) by 208.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170,354 shares of the company’s stock after acquiring an additional 115,204 shares during the quarter. Goldman Sachs Innovate Equity ETF makes up 2.8% of Summa Corp.’s portfolio, making the stock its 9th biggest position. Summa Corp. owned 0.08% of Goldman Sachs Innovate Equity ETF worth $13,802,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Soltis Investment Advisors LLC purchased a new stake in Goldman Sachs Innovate Equity ETF in the third quarter worth about $290,000. New England Private Wealth Advisors LLC grew its holdings 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 acquiring an additional 359 shares during the period. American National Bank & Trust purchased a new position in shares of Goldman Sachs Innovate Equity ETF during the 3rd quarter worth approximately $40,000. Integrated Wealth Concepts LLC purchased a new position in shares of Goldman Sachs Innovate Equity ETF during the 2nd quarter worth approximately $157,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of Goldman Sachs Innovate Equity ETF in the 1st quarter worth approximately $127,000.

Goldman Sachs Innovate Equity ETF Trading Up 0.2%

Shares of GINN stock opened at $79.28 on Wednesday. Goldman Sachs Innovate Equity ETF has a 12 month low of $65.63 and a 12 month high of $83.29. The stock has a market cap of $174.42 million, a PE ratio of 23.29 and a beta of 1.16. The company’s fifty day moving average price is $81.24 and its 200-day moving average price is $77.04.

Goldman Sachs Innovate Equity ETF Profile

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.