Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Reaches New 52-Week High – Should You Buy?

Shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) hit a new 52-week high during trading on Wednesday . The company traded as high as $91.57 and last traded at $91.41, with a volume of 1698 shares changing hands. The stock had previously closed at $90.78.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Trading Up 0.0%

The company’s 50 day moving average price is $87.56 and its two-hundred day moving average price is $86.65. The firm has a market cap of $1.42 billion, a PE ratio of 21.82 and a beta of 1.01.

Hedge Funds Weigh In On Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. bought a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the fourth quarter valued at about $26,000. Parallel Advisors LLC bought a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the fourth quarter worth about $26,000. Ancora Advisors LLC purchased a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 3rd quarter valued at about $32,000. Allworth Financial LP bought a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter valued at approximately $37,000. Finally, Bogart Wealth LLC bought a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter valued at approximately $74,000.

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.