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

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $97.87 and last traded at $97.76, with a volume of 26140 shares changing hands. The stock had previously closed at $97.78.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Stock Up 0.3%

The stock has a market capitalization of $1.54 billion, a PE ratio of 21.82 and a beta of 1.01. The stock’s 50 day moving average price is $94.56 and its 200-day moving average price is $90.64.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Whittier Trust Co. purchased a new stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter valued at approximately $26,000. Parallel Advisors LLC purchased a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter worth $26,000. Ancora Advisors LLC acquired a new stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 3rd quarter worth about $32,000. Allworth Financial LP purchased a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the 4th quarter valued at about $37,000. Finally, Bogart Wealth LLC acquired a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the fourth quarter valued at about $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.