Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) Shares Break Below 200-Day Moving Average – Here’s What Happened

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS)’s share price crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $64.82 and traded as low as $63.47. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF shares last traded at $64.00, with a volume of 410,889 shares changing hands.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Stock Performance

The stock has a market cap of $467.20 million, a price-to-earnings ratio of 35.28 and a beta of 1.17. The firm’s 50-day simple moving average is $67.25 and its two-hundred day simple moving average is $64.82.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Beacon Financial Advisory LLC boosted its position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 10.3% in the 2nd quarter. Beacon Financial Advisory LLC now owns 7,212 shares of the company’s stock valued at $492,000 after buying an additional 675 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 28.9% in the 1st quarter. Sanctuary Advisors LLC now owns 5,124 shares of the company’s stock valued at $297,000 after buying an additional 1,150 shares during the period. NewEdge Advisors LLC raised its position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 3.8% during the second quarter. NewEdge Advisors LLC now owns 35,088 shares of the company’s stock worth $2,395,000 after acquiring an additional 1,280 shares during the last quarter. Cornerstone Planning Group LLC bought a new stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the first quarter worth $75,000. Finally, Bank of New York Mellon Corp raised its position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 19.1% during the first quarter. Bank of New York Mellon Corp now owns 17,419 shares of the company’s stock worth $1,010,000 after acquiring an additional 2,796 shares during the last quarter.

About Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

The Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large- and mid-cap stocks selected from the Russell 1000 Index with the highest growth characteristics based on Russells style methodology. GGUS was launched on Nov 28, 2023 and is issued by Goldman Sachs.