Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) Reaches New 52-Week High – Here’s Why

Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) hit a new 52-week high on Wednesday . The stock traded as high as $99.96 and last traded at $99.80, with a volume of 50734 shares changing hands. The stock had previously closed at $99.01.

Goldman Sachs MarketBeta U.S. Equity ETF Price Performance

The business’s 50 day simple moving average is $93.68 and its 200-day simple moving average is $94.15. The stock has a market capitalization of $3.05 billion, a P/E ratio of 26.28 and a beta of 1.02.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GSUS. LPL Financial LLC grew its stake in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 5.6% during the fourth quarter. LPL Financial LLC now owns 5,951,529 shares of the company’s stock worth $561,824,000 after purchasing an additional 314,313 shares during the period. Wells Fargo & Company MN lifted its stake in Goldman Sachs MarketBeta U.S. Equity ETF by 1,677.2% in the fourth quarter. Wells Fargo & Company MN now owns 236,313 shares of the company’s stock valued at $22,308,000 after buying an additional 223,016 shares during the period. Envestnet Asset Management Inc. lifted its stake in Goldman Sachs MarketBeta U.S. Equity ETF by 7.9% in the third quarter. Envestnet Asset Management Inc. now owns 3,046,008 shares of the company’s stock valued at $281,451,000 after buying an additional 222,740 shares during the period. Keebeck Wealth Management boosted its holdings in Goldman Sachs MarketBeta U.S. Equity ETF by 172.1% during the third quarter. Keebeck Wealth Management now owns 293,930 shares of the company’s stock worth $27,159,000 after buying an additional 185,891 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted its holdings in Goldman Sachs MarketBeta U.S. Equity ETF by 36.9% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 478,806 shares of the company’s stock worth $45,199,000 after buying an additional 129,116 shares during the last quarter.

Goldman Sachs MarketBeta U.S. Equity ETF Company Profile

The Goldman Sachs MarketBeta US Equity ETF (GSUS) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of US equities, selected and weighted by market capitalization. GSUS was launched on May 12, 2020 and is managed by Goldman Sachs.