Fort Point Capital Partners LLC Trims Stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF $GSEW

Fort Point Capital Partners LLC lowered its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) by 54.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,264 shares of the company’s stock after selling 20,550 shares during the quarter. Fort Point Capital Partners LLC owned about 0.11% of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF worth $1,530,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GSEW. Whittier Trust Co. purchased a new stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the fourth quarter valued at $26,000. Parallel Advisors LLC purchased a new stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the fourth quarter valued at $26,000. Ancora Advisors LLC purchased a new stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the third quarter valued at $32,000. Allworth Financial LP purchased a new stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the fourth quarter valued at $37,000. Finally, Bogart Wealth LLC purchased a new stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the fourth quarter valued at $74,000.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Trading Up 0.8%

Shares of GSEW opened at $94.04 on Friday. Goldman Sachs Equal Weight U.S. Large Cap Equity ETF has a twelve month low of $79.24 and a twelve month high of $94.16. The company has a market cap of $1.47 billion, a P/E ratio of 21.82 and a beta of 1.01. The company’s fifty day simple moving average is $90.42 and its 200-day simple moving average is $88.05.

About Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

The Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of US large-cap stocks. GSEW was launched on Sep 12, 2017 and is managed by Goldman Sachs.