Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Sets New 1-Year High – What’s Next?

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) shares hit a new 52-week high on Tuesday . The company traded as high as $96.33 and last traded at $96.30, with a volume of 11606 shares. The stock had previously closed at $95.85.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Trading Up 1.6%

The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 21.82 and a beta of 1.01. The company has a fifty day simple moving average of $94.01 and a 200-day simple moving average of $90.25.

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

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