Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Reaches New 1-Year High – Time to Buy?

Shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) hit a new 52-week high during trading on Tuesday . The company traded as high as $95.80 and last traded at $95.72, with a volume of 1835 shares traded. The stock had previously closed at $95.24.

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

The stock has a market cap 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 $92.32 and its two-hundred day moving average price is $89.07.

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

A number of institutional investors and hedge funds have recently bought and sold shares of GSEW. Integrated Wealth Concepts LLC lifted its holdings in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 7.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,357,176 shares of the company’s stock worth $115,414,000 after buying an additional 94,490 shares during the period. Members Trust Co lifted its stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 3.5% in the fourth quarter. Members Trust Co now owns 1,104,114 shares of the company’s stock worth $93,982,000 after acquiring an additional 37,429 shares during the period. Morgan Stanley lifted its stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 28.1% in the fourth quarter. Morgan Stanley now owns 927,246 shares of the company’s stock worth $78,927,000 after acquiring an additional 203,219 shares during the period. Bank of America Corp DE grew its holdings in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 11.2% during the 3rd quarter. Bank of America Corp DE now owns 659,405 shares of the company’s stock worth $56,076,000 after acquiring an additional 66,674 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its holdings in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 4.5% during the 4th quarter. Aptus Capital Advisors LLC now owns 588,483 shares of the company’s stock worth $50,092,000 after acquiring an additional 25,200 shares in the last quarter.

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.