Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) Stock Price Up 0.1% – Time to Buy?

Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) shares rose 0.1% on Wednesday . The stock traded as high as $64.16 and last traded at $63.90. Approximately 3,431 shares changed hands during trading, a decline of 79% from the average daily volume of 16,197 shares. The stock had previously closed at $63.84.

Goldman Sachs Innovate Equity ETF Stock Performance

The company has a 50-day moving average of $61.54 and a 200-day moving average of $58.67. The stock has a market cap of $402.60 million, a price-to-earnings ratio of 26.00 and a beta of 1.25.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. New England Private Wealth Advisors LLC acquired a new stake in shares of Goldman Sachs Innovate Equity ETF in the 2nd quarter valued at approximately $380,000. Watts Gwilliam & Co. LLC acquired a new stake in shares of Goldman Sachs Innovate Equity ETF during the third quarter valued at $777,000. Flow Traders U.S. LLC purchased a new stake in Goldman Sachs Innovate Equity ETF in the 3rd quarter worth approximately $1,767,000. Finally, Highland Financial Advisors LLC lifted its position in Goldman Sachs Innovate Equity ETF by 14.7% during the second quarter. Highland Financial Advisors LLC now owns 222,414 shares of the company’s stock worth $12,622,000 after buying an additional 28,560 shares during the period.

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.