Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Hits New 52-Week High – What’s Next?

Shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $95.06 and last traded at $94.84, with a volume of 6822 shares. The stock had previously closed at $94.42.

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

The firm has a market capitalization of $1.49 billion, a P/E ratio of 21.82 and a beta of 1.01. The company’s 50 day moving average price is $92.11 and its 200 day moving average price is $88.94.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 17.3% in the 1st quarter. Royal Bank of Canada now owns 119,845 shares of the company’s stock valued at $9,113,000 after buying an additional 17,644 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 7.6% during the first quarter. NewEdge Advisors LLC now owns 15,010 shares of the company’s stock valued at $1,141,000 after acquiring an additional 1,065 shares during the period. Jane Street Group LLC bought a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the first quarter valued at about $2,080,000. JPMorgan Chase & Co. boosted its holdings in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 93.1% in the second quarter. JPMorgan Chase & Co. now owns 14,911 shares of the company’s stock valued at $1,216,000 after acquiring an additional 7,189 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 19.7% in the second quarter. Raymond James Financial Inc. now owns 353,011 shares of the company’s stock worth $28,785,000 after purchasing an additional 58,174 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.