Hughes Financial Services LLC Makes New Investment in Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN)

Hughes Financial Services LLC bought a new position in shares of Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 538,784 shares of the company’s stock, valued at approximately $33,159,000. Goldman Sachs Innovate Equity ETF accounts for about 6.8% of Hughes Financial Services LLC’s investment portfolio, making the stock its 6th largest position. Hughes Financial Services LLC owned approximately 8.55% of Goldman Sachs Innovate Equity ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new stake in Goldman Sachs Innovate Equity ETF in the 4th quarter valued at approximately $28,000. HighTower Advisors LLC lifted its stake in shares of Goldman Sachs Innovate Equity ETF by 3.7% during the 4th quarter. HighTower Advisors LLC now owns 23,980 shares of the company’s stock worth $1,476,000 after purchasing an additional 856 shares during the period. Highland Financial Advisors LLC lifted its stake in shares of Goldman Sachs Innovate Equity ETF by 0.7% during the 4th quarter. Highland Financial Advisors LLC now owns 240,051 shares of the company’s stock worth $14,774,000 after purchasing an additional 1,683 shares during the period. New England Private Wealth Advisors LLC lifted its stake in shares of Goldman Sachs Innovate Equity ETF by 63.3% during the 4th quarter. New England Private Wealth Advisors LLC now owns 12,522 shares of the company’s stock worth $771,000 after purchasing an additional 4,855 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Goldman Sachs Innovate Equity ETF during the 4th quarter worth $1,198,000.

Goldman Sachs Innovate Equity ETF Stock Down 1.7 %

Shares of Goldman Sachs Innovate Equity ETF stock opened at $59.13 on Friday. Goldman Sachs Innovate Equity ETF has a fifty-two week low of $51.72 and a fifty-two week high of $66.27. The firm has a market cap of $236.52 million, a PE ratio of 24.28 and a beta of 1.14. The business’s fifty day moving average is $63.33 and its two-hundred day moving average is $62.15.

About Goldman Sachs Innovate Equity ETF

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.