Royal Bank of Canada Decreases Position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF $GSEW

Royal Bank of Canada trimmed its holdings in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) by 11.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,935 shares of the company’s stock after selling 10,645 shares during the quarter. Royal Bank of Canada owned about 0.54% of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF worth $7,106,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in GSEW. Quantinno Capital Management LP lifted its position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 107.5% during the 1st quarter. Quantinno Capital Management LP now owns 6,776 shares of the company’s stock worth $574,000 after buying an additional 3,510 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 29.7% in the 1st quarter. Cetera Investment Advisers now owns 16,758 shares of the company’s stock valued at $1,419,000 after buying an additional 3,835 shares during the last quarter. Earned Wealth Advisors LLC raised its stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 12.1% during the 1st quarter. Earned Wealth Advisors LLC now owns 10,379 shares of the company’s stock worth $879,000 after acquiring an additional 1,119 shares in the last quarter. Cornerstone Advisors Asset Management LLC lifted its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 6.6% in the first quarter. Cornerstone Advisors Asset Management LLC now owns 190,285 shares of the company’s stock valued at $16,110,000 after acquiring an additional 11,798 shares during the last quarter. Finally, Hanseatic Management Services Inc. purchased a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the first quarter valued at $2,241,000.

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

BATS GSEW opened at $98.13 on Wednesday. The company has a fifty day moving average of $94.56 and a two-hundred day moving average of $90.64. The company has a market capitalization of $1.54 billion, a PE ratio of 21.82 and a beta of 1.01. Goldman Sachs Equal Weight U.S. Large Cap Equity ETF has a 1 year low of $80.92 and a 1 year high of $98.34.

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