Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Hits New 52-Week High – What’s Next?

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW)’s stock price reached a new 52-week high on Monday . The stock traded as high as $86.35 and last traded at $88.35, with a volume of 86338 shares trading hands. The stock had previously closed at $85.15.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Trading Up 0.1%

The stock’s fifty day moving average price is $86.92 and its 200-day moving average price is $85.07. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 21.82 and a beta of 1.01.

Institutional Investors Weigh In On Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Richards Merrill & Peterson Inc. raised its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 4.2% in the third quarter. Richards Merrill & Peterson Inc. now owns 4,609 shares of the company’s stock valued at $392,000 after purchasing an additional 187 shares during the period. Kathmere Capital Management LLC increased its position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 0.4% during the 3rd quarter. Kathmere Capital Management LLC now owns 47,484 shares of the company’s stock worth $4,038,000 after purchasing an additional 194 shares during the last quarter. Whittier Trust Co. acquired a new stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter worth about $26,000. Princeton Global Asset Management LLC raised its holdings in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 2.1% in the 3rd quarter. Princeton Global Asset Management LLC now owns 14,874 shares of the company’s stock valued at $1,265,000 after buying an additional 300 shares during the period. Finally, Panoramic Investment Advisors LLC raised its holdings in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 3.5% in the 3rd quarter. Panoramic Investment Advisors LLC now owns 10,641 shares of the company’s stock valued at $905,000 after buying an additional 356 shares during the period.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Company Profile

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.