Northwestern Mutual Wealth Management Co. Takes $1.35 Million Position in Goldman Sachs Innovate Equity ETF $GINN

Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 18,421 shares of the company’s stock, valued at approximately $1,347,000. Northwestern Mutual Wealth Management Co. owned about 0.61% of Goldman Sachs Innovate Equity ETF at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of Goldman Sachs Innovate Equity ETF by 2.7% during the third quarter. Bank of America Corp DE now owns 36,252 shares of the company’s stock valued at $2,677,000 after buying an additional 959 shares during the last quarter. Susquehanna International Group LLP raised its holdings in shares of Goldman Sachs Innovate Equity ETF by 21.0% during the third quarter. Susquehanna International Group LLP now owns 9,128 shares of the company’s stock valued at $674,000 after buying an additional 1,585 shares during the last quarter. Flow Traders U.S. LLC raised its holdings in Goldman Sachs Innovate Equity ETF by 253.9% during the third quarter. Flow Traders U.S. LLC now owns 21,166 shares of the company’s stock worth $1,563,000 after purchasing an additional 15,185 shares in the last quarter. Citadel Advisors LLC raised its holdings in Goldman Sachs Innovate Equity ETF by 280.2% during the third quarter. Citadel Advisors LLC now owns 23,692 shares of the company’s stock worth $1,749,000 after purchasing an additional 17,461 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in Goldman Sachs Innovate Equity ETF by 2.1% during the third quarter. Raymond James Financial Inc. now owns 18,078 shares of the company’s stock worth $1,335,000 after purchasing an additional 375 shares in the last quarter.

Goldman Sachs Innovate Equity ETF Price Performance

Shares of NYSEARCA:GINN opened at $77.33 on Monday. Goldman Sachs Innovate Equity ETF has a 12 month low of $64.06 and a 12 month high of $80.98. The stock has a market cap of $216.52 million, a price-to-earnings ratio of 23.29 and a beta of 1.15. The stock’s 50 day moving average price is $74.72 and its 200 day moving average price is $73.78.

Goldman Sachs Innovate Equity ETF Company 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.