GDEF Stock Summary and Trading Ideas (Goldman Sachs ETF Trust Goldman Sachs Defensive Equity ETF | ARCA:GDEF)

The Goldman Sachs Defensive Equity ETF (the "Fund") seeks long-term growth of capital with lower volatility than equity markets. The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) ("Net Assets") in a diversified portfolio of equity investments in U.S. issuers with public stock market capitalizations within the range of the market capitalization of the S&P 500 Index at the time of investment and other instruments with similar economic exposures. The Fund will employ a "Put Spread Collar" overlay strategy whereby the Fund simultaneously purchases a near-the-money put while selling (writing) an out-of-the-money call and put on the S&P 500 Index or other national or regional stock market indices (or exchange-traded funds ("ETFs") that seek to track such an index). The Fund uses a variety of quantitative techniques, in combination with a qualitative overlay, when selecting investments. The Fund may make investment decisions that deviate from those generated by the Investment Adviser's proprietary models, at the discretion of the Investment Adviser. In addition, the Investment Adviser may, at its discretion, make changes to its quantitative techniques, or use other quantitative techniques that are based on the Investment Adviser's proprietary research.

Goldman Sachs ETF Trust Goldman Sachs Defensive Equity ETF trades on the ARCA stock market under the symbol GDEF.

As of April 19, 2024, GDEF stock price was flat at $46.48 with 10 million shares trading.

GDEF has a market cap of $7.09 million. This is considered a Sub-Micro Cap stock.

GDEF stock has underperformed the market in the last year with a return of +7.2%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GDEF shares. However, GDEF has outperformed the market in the last 3 month and 2 week periods, returning +3.5% and -1.9%, while SPY returned +3.0% and -4.5%, respectively. This indicates GDEF has been having a stronger performance recently.

GDEF support price is $46.22 and resistance is $46.73 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GDEF stock will trade within this expected range on the day.