Sowell Financial Services LLC Acquires 273,970 Shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF $GGUS

Sowell Financial Services LLC bought a new position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 273,970 shares of the company’s stock, valued at approximately $18,649,000. Sowell Financial Services LLC owned about 3.75% of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. CoreCap Advisors LLC boosted its position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 28.0% during the third quarter. CoreCap Advisors LLC now owns 57,288 shares of the company’s stock valued at $3,900,000 after acquiring an additional 12,543 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 8.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 173,918 shares of the company’s stock worth $11,870,000 after acquiring an additional 13,206 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 5.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 687,304 shares of the company’s stock worth $46,909,000 after acquiring an additional 37,012 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 3.8% in the 2nd quarter. NewEdge Advisors LLC now owns 35,088 shares of the company’s stock worth $2,395,000 after acquiring an additional 1,280 shares in the last quarter. Finally, Beacon Financial Advisory LLC lifted its stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 10.3% in the 2nd quarter. Beacon Financial Advisory LLC now owns 7,212 shares of the company’s stock valued at $492,000 after purchasing an additional 675 shares during the period.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Price Performance

Shares of NYSEARCA:GGUS opened at $66.47 on Wednesday. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF has a 1 year low of $55.70 and a 1 year high of $70.67. The business’s 50-day moving average is $67.54 and its 200-day moving average is $66.22. The company has a market capitalization of $485.23 million, a price-to-earnings ratio of 35.28 and a beta of 1.17.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Profile

The Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large- and mid-cap stocks selected from the Russell 1000 Index with the highest growth characteristics based on Russells style methodology. GGUS was launched on Nov 28, 2023 and is issued by Goldman Sachs.