Goldman Sachs Ultra Short Bond ETF $GSST Position Reduced by Avalon Capital Management

Avalon Capital Management decreased its position in shares of Goldman Sachs Ultra Short Bond ETF (BATS:GSST) by 43.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,321 shares of the company’s stock after selling 79,718 shares during the period. Goldman Sachs Ultra Short Bond ETF accounts for about 1.3% of Avalon Capital Management’s investment portfolio, making the stock its 22nd largest holding. Avalon Capital Management owned 0.57% of Goldman Sachs Ultra Short Bond ETF worth $5,265,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GSST. AlphaCore Capital LLC bought a new stake in Goldman Sachs Ultra Short Bond ETF during the fourth quarter worth approximately $33,000. Wagner Wealth Management LLC raised its holdings in Goldman Sachs Ultra Short Bond ETF by 20.9% during the fourth quarter. Wagner Wealth Management LLC now owns 1,713 shares of the company’s stock worth $86,000 after purchasing an additional 296 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Goldman Sachs Ultra Short Bond ETF by 214,200.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,143 shares of the company’s stock worth $108,000 after purchasing an additional 2,142 shares in the last quarter. Private Trust Co. NA raised its holdings in Goldman Sachs Ultra Short Bond ETF by 66.1% during the fourth quarter. Private Trust Co. NA now owns 2,491 shares of the company’s stock worth $126,000 after purchasing an additional 991 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Goldman Sachs Ultra Short Bond ETF during the third quarter worth approximately $176,000.

Goldman Sachs Ultra Short Bond ETF Price Performance

Shares of BATS:GSST opened at $50.42 on Thursday. Goldman Sachs Ultra Short Bond ETF has a 12 month low of $50.29 and a 12 month high of $50.83. The stock’s 50 day moving average price is $50.49 and its 200 day moving average price is $50.55.

Goldman Sachs Ultra Short Bond ETF Profile

The Goldman Sachs Access Ultra Short Bond ETF (GSST) is an exchange-traded fund that is based on the FTSE 3 Month T-Bill index. The fund is an actively-managed ETF that seeks to provide current income with preservation of capital by investing in a broad range of USD-denominated ultra-short-term bonds. GSST was launched on Apr 15, 2019 and is managed by Goldman Sachs.