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

Shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) hit a new 52-week high during trading on Monday . The company traded as high as $86.35 and last traded at $86.2760, with a volume of 86338 shares traded. The stock had previously closed at $85.15.

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

The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 21.82 and a beta of 1.01. The business’s 50-day simple moving average is $84.78 and its 200-day simple moving average is $83.85.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Ancora Advisors LLC bought a new stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the third quarter valued at about $32,000. Jackson Grant Investment Advisers Inc. bought a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 3rd quarter worth approximately $195,000. AFG Fiduciary Services Limited Partnership purchased a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the 2nd quarter worth approximately $218,000. Sunpointe LLC purchased a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the 2nd quarter worth approximately $239,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 2nd quarter valued at $242,000.

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.