Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Reaches New 12-Month High – Time to Buy?

Shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $89.79 and last traded at $89.53, with a volume of 800 shares. The stock had previously closed at $89.28.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Stock Up 0.4%

The business has a 50 day simple moving average of $87.60 and a two-hundred day simple moving average of $85.52. The firm has a market cap of $1.40 billion, a PE 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

Several large investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. bought a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the 4th quarter worth about $26,000. Parallel Advisors LLC purchased a new stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the fourth quarter valued at approximately $26,000. Ancora Advisors LLC bought a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the third quarter worth approximately $32,000. Allworth Financial LP purchased a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter worth $37,000. Finally, Bogart Wealth LLC purchased a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter worth $74,000.

About Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

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.