Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Sets New 1-Year High – Here’s What Happened

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $86.35 and last traded at $87.8870, with a volume of 86338 shares trading hands. The stock had previously closed at $85.15.

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

The firm has a market cap of $1.38 billion, a P/E ratio of 21.82 and a beta of 1.01. The company has a fifty day moving average of $85.01 and a 200-day moving average of $84.23.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in 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 last quarter. NewEdge Advisors LLC lifted its holdings in 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 worth $1,141,000 after acquiring an additional 1,065 shares during the period. Jane Street Group LLC purchased a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the first quarter worth $2,080,000. Westshore Wealth LLC boosted its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 81.7% in the second quarter. Westshore Wealth LLC now owns 18,136 shares of the company’s stock worth $1,479,000 after purchasing an additional 8,156 shares during the last quarter. Finally, Sunpointe LLC bought a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the 2nd quarter valued at $239,000.

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.