Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Sets New 52-Week High – Still a Buy?

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) reached a new 52-week high on Tuesday . The stock traded as high as $95.92 and last traded at $95.92, with a volume of 19741 shares. The stock had previously closed at $95.03.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Stock Performance

The stock has a market cap of $1.50 billion, a P/E ratio of 21.82 and a beta of 1.01. The firm has a 50 day moving average of $93.60 and a two-hundred day moving average of $89.98.

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

Several hedge funds have recently modified their holdings of the business. Breakwater Capital Group bought a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the second quarter worth $318,000. TrueWealth Advisors LLC bought a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the 2nd quarter valued at $208,000. Central Pacific Bank Trust Division grew its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 8.4% in the 2nd quarter. Central Pacific Bank Trust Division now owns 6,876 shares of the company’s stock worth $649,000 after purchasing an additional 534 shares during the last quarter. CoreCap Advisors LLC grew its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 5.3% in the 2nd quarter. CoreCap Advisors LLC now owns 155,012 shares of the company’s stock worth $14,636,000 after purchasing an additional 7,816 shares during the last quarter. Finally, Noble Wealth Management PBC grew its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 5.3% in the 2nd quarter. Noble Wealth Management PBC now owns 22,587 shares of the company’s stock worth $2,133,000 after purchasing an additional 1,144 shares during the last quarter.

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.