Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Sets New 1-Year 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 on Friday . The company traded as high as $92.08 and last traded at $92.08, with a volume of 18057 shares changing hands. The stock had previously closed at $90.77.

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

The business’s 50-day moving average price is $87.91 and its two-hundred day moving average price is $87.02. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 21.82 and a beta of 1.01.

Institutional Trading of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

Several institutional investors have recently made changes to their positions in the stock. Western Wealth Management LLC grew its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 51.9% during the 1st quarter. Western Wealth Management LLC now owns 11,929 shares of the company’s stock valued at $1,010,000 after buying an additional 4,075 shares during the period. Orographic Financial Advisors LLC purchased a new stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 1st quarter valued at $376,000. Quantinno Capital Management LP grew its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 107.5% during the 1st quarter. Quantinno Capital Management LP now owns 6,776 shares of the company’s stock valued at $574,000 after buying an additional 3,510 shares during the period. Cetera Investment Advisers grew its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 29.7% during the 1st quarter. Cetera Investment Advisers now owns 16,758 shares of the company’s stock valued at $1,419,000 after buying an additional 3,835 shares during the period. Finally, Earned Wealth Advisors LLC grew its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 12.1% during the 1st quarter. Earned Wealth Advisors LLC now owns 10,379 shares of the company’s stock valued at $879,000 after buying an additional 1,119 shares during the period.

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.