Goldman Sachs MarketBeta US 1000 Equity ETF (NYSEARCA:GUSA) Sees Strong Trading Volume – Still a Buy?

Goldman Sachs MarketBeta US 1000 Equity ETF (NYSEARCA:GUSA) saw strong trading volume on Wednesday . 1,016 shares were traded during mid-day trading, an increase of 298% from the previous session’s volume of 255 shares.The stock last traded at $52.45 and had previously closed at $52.11.

Goldman Sachs MarketBeta US 1000 Equity ETF Price Performance

The firm’s 50-day moving average price is $51.99 and its 200 day moving average price is $50.05. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 25.43 and a beta of 1.01.

Institutional Investors Weigh In On Goldman Sachs MarketBeta US 1000 Equity ETF

A hedge fund recently bought a new stake in Goldman Sachs MarketBeta US 1000 Equity ETF stock. FMR LLC bought a new stake in shares of Goldman Sachs MarketBeta US 1000 Equity ETF (NYSEARCA:GUSA) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,000 shares of the company’s stock, valued at approximately $50,000.

Goldman Sachs MarketBeta US 1000 Equity ETF Company Profile

The Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) is an exchange-traded fund that is based on the Solactive GBS United States 1000 index. The fund tracks an index of 1,000 US large-cap companies selected and weighted by market-cap. GUSA was launched on Apr 5, 2022 and is managed by Goldman Sachs.