Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Reaches New 12-Month High – Time to Buy?

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $86.35 and last traded at $87.4230, with a volume of 86338 shares traded. The stock had previously closed at $85.15.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Trading Up 3.1%

The firm has a market cap of $1.37 billion, a PE ratio of 21.82 and a beta of 1.01. The stock’s 50 day moving average price is $85.53 and its 200 day moving average price is $84.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GSEW. Royal Bank of Canada grew its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 17.3% in the first 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 in the last quarter. NewEdge Advisors LLC boosted its holdings in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 7.6% in the 1st 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 1st quarter worth approximately $2,080,000. Perigon Wealth Management LLC grew its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 4.4% in the second quarter. Perigon Wealth Management LLC now owns 43,938 shares of the company’s stock valued at $3,583,000 after acquiring an additional 1,849 shares in the last quarter. Finally, Kathmere Capital Management LLC raised its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 143.1% during the second quarter. Kathmere Capital Management LLC now owns 47,290 shares of the company’s stock valued at $3,856,000 after purchasing an additional 27,839 shares during the period.

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

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.