Northwestern Mutual Wealth Management Co. Sells 6,759,422 Shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF $GSLC

Northwestern Mutual Wealth Management Co. reduced its stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) by 99.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,736 shares of the company’s stock after selling 6,759,422 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF were worth $5,392,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Quest 10 Wealth Builders Inc. bought a new stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF during the fourth quarter valued at approximately $26,000. EPG Wealth Management LLC bought a new stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF during the fourth quarter valued at approximately $27,000. Tsfg LLC grew its stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 112.5% during the fourth quarter. Tsfg LLC now owns 204 shares of the company’s stock valued at $27,000 after purchasing an additional 108 shares during the last quarter. Sunbelt Securities Inc. grew its stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 163.0% during the third quarter. Sunbelt Securities Inc. now owns 263 shares of the company’s stock valued at $34,000 after purchasing an additional 163 shares during the last quarter. Finally, Triumph Capital Management bought a new stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF during the third quarter valued at approximately $48,000.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Price Performance

GSLC opened at $141.57 on Friday. Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF has a one year low of $113.27 and a one year high of $142.17. The company’s 50 day simple moving average is $132.87 and its 200-day simple moving average is $132.42. The stock has a market capitalization of $15.52 billion, a P/E ratio of 24.08 and a beta of 0.99.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Profile

The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-cap stocks comprising 4 sub-indexes: value, momentum, quality, and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GSLC was launched on Sep 21, 2015 and is managed by Goldman Sachs.