Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Reaches New 52-Week High – Here’s Why

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $86.35 and last traded at $87.0860, 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 Stock Performance

The firm has a market capitalization of $1.37 billion, a P/E ratio of 21.82 and a beta of 1.01. The stock has a fifty day moving average price of $86.41 and a two-hundred day moving average price of $84.84.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Bogart Wealth LLC bought a new stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter valued at about $74,000. Mendel Money Management raised its position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 69.9% during the 4th quarter. Mendel Money Management now owns 6,061 shares of the company’s stock worth $516,000 after purchasing an additional 2,494 shares during the period. O ROURKE & COMPANY Inc lifted its holdings in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 9.8% in the 4th quarter. O ROURKE & COMPANY Inc now owns 15,225 shares of the company’s stock worth $1,296,000 after purchasing an additional 1,362 shares during the last quarter. Richards Merrill & Peterson Inc. boosted its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 7.1% during the 4th quarter. Richards Merrill & Peterson Inc. now owns 4,935 shares of the company’s stock valued at $420,000 after purchasing an additional 326 shares during the period. Finally, Earned Wealth Advisors LLC bought a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter worth $788,000.

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.