Goldman Sachs MarketBeta Emerging Markets Equity ETF (BATS:GSEE) Stock Price Down 2.6% – Here’s What Happened

Goldman Sachs MarketBeta Emerging Markets Equity ETF (BATS:GSEE)’s share price dropped 2.6% on Wednesday . The company traded as low as $68.58 and last traded at $68.72. Approximately 494 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 5,074 shares. The stock had previously closed at $70.53.

Goldman Sachs MarketBeta Emerging Markets Equity ETF Stock Performance

The stock’s 50-day simple moving average is $68.73 and its two-hundred day simple moving average is $63.19. The stock has a market cap of $158.06 million, a price-to-earnings ratio of 15.21 and a beta of 0.61.

Institutional Trading of Goldman Sachs MarketBeta Emerging Markets Equity ETF

Several hedge funds have recently added to or reduced their stakes in GSEE. Jane Street Group LLC bought a new position in Goldman Sachs MarketBeta Emerging Markets Equity ETF during the fourth quarter worth $320,000. LPL Financial LLC grew its position in Goldman Sachs MarketBeta Emerging Markets Equity ETF by 55.2% during the fourth quarter. LPL Financial LLC now owns 8,988 shares of the company’s stock worth $506,000 after buying an additional 3,195 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Goldman Sachs MarketBeta Emerging Markets Equity ETF during the fourth quarter valued at approximately $1,869,000. Bank of America Corp DE acquired a new position in shares of Goldman Sachs MarketBeta Emerging Markets Equity ETF in the first quarter valued at $3,374,000. Finally, Citadel Advisors LLC lifted its position in 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 purchasing an additional 35,418 shares during the period.

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.