SigFig Wealth Management Reduces Stake in Goldman Sachs ETF by 7.8%

SigFig Wealth Management LLC has reduced its stake in the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) by 7.8% during the third quarter of 2023, according to a report from Holdings Channel.com. Following the sale of 145,532 shares, the firm now holds 1,720,790 shares, which represent approximately 6.9% of its total holdings, making it the firm’s third-largest investment. As of the latest filing with the Securities and Exchange Commission, SigFig’s holdings in the ETF are valued at approximately $223,754,000.

Several other institutional investors have also adjusted their positions in the Goldman Sachs ETF recently. Betterment LLC increased its holdings by 5.5% in the second quarter, acquiring an additional 293,773 shares to reach a total of 5,599,651 shares, valued at $679,686,000.

Another significant adjustment came from AQR Capital Management LLC, which expanded its position by a remarkable 1,113.8%. The firm now owns 250,514 shares worth $30,407,000 after purchasing an additional 229,875 shares.

Additionally, Leo Wealth LLC increased its stake by 80.7%, owning 439,959 shares valued at $53,448,000 after acquiring 196,461 shares during the quarter. AlphaCore Capital LLC reported an astounding increase of 15,747.7%, raising its holdings to 140,252 shares valued at $17,024,000 after purchasing 139,367 shares. Finally, Signature Estate & Investment Advisors LLC lifted its position by 3.1%, now owning 4,463,502 shares worth $541,780,000 following the acquisition of 134,525 shares.

Current Performance of GSLC

As of the latest trading session, GSLC opened at $132.49. The ETF holds a market capitalization of $14.94 billion and has a price-to-earnings (P/E) ratio of 24.08 with a beta of 0.99. The fund’s fifty-day moving average price stands at $131.70, while the two-hundred-day moving average is $127.87. Over the past year, GSLC has seen a low of $94.88 and a high of $134.27.

About the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

Launched on September 21, 2015, the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF primarily invests in large-cap equity. The fund tracks an index consisting of U.S. large-cap stocks, divided into four sub-indexes: value, momentum, quality, and low volatility. This diversified approach employs multiple factors for stock selection, ensuring each sub-index is equally weighted.

For those interested in further developments regarding GSLC, HoldingsChannel.com provides updates on the latest 13F filings and insider trades related to the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF.