Envestnet Portfolio Solutions Inc. Trims Holdings in Goldman Sachs MarketBeta U.S. Equity ETF $GSUS

Envestnet Portfolio Solutions Inc. trimmed its position in Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 458,939 shares of the company’s stock after selling 19,094 shares during the quarter. Envestnet Portfolio Solutions Inc. owned about 1.50% of Goldman Sachs MarketBeta U.S. Equity ETF worth $39,271,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mainstay Capital Management LLC ADV purchased a new stake in Goldman Sachs MarketBeta U.S. Equity ETF in the 2nd quarter worth approximately $405,000. Sax Wealth Advisors LLC purchased a new stake in Goldman Sachs MarketBeta U.S. Equity ETF in the 2nd quarter worth approximately $1,169,000. Beacon Financial Advisory LLC increased its holdings in Goldman Sachs MarketBeta U.S. Equity ETF by 82.7% in the 2nd quarter. Beacon Financial Advisory LLC now owns 8,463 shares of the company’s stock worth $724,000 after acquiring an additional 3,830 shares in the last quarter. Consolidated Portfolio Review Corp bought a new stake in Goldman Sachs MarketBeta U.S. Equity ETF during the second quarter valued at about $1,995,000. Finally, Lockerman Financial Group Inc. bought a new stake in Goldman Sachs MarketBeta U.S. Equity ETF during the second quarter valued at about $315,000.

Goldman Sachs MarketBeta U.S. Equity ETF Stock Up 12.9%

BATS:GSUS opened at $90.64 on Monday. The business’s 50-day simple moving average is $90.34 and its two-hundred day simple moving average is $84.00. The stock has a market cap of $2.77 billion, a PE ratio of 26.28 and a beta of 1.02. Goldman Sachs MarketBeta U.S. Equity ETF has a 52 week low of $66.72 and a 52 week high of $87.92.

About Goldman Sachs MarketBeta U.S. Equity ETF

The Goldman Sachs MarketBeta US Equity ETF (GSUS) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of US equities, selected and weighted by market capitalization. GSUS was launched on May 12, 2020 and is managed by Goldman Sachs.