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

Shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEWGet Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $95.80 and last traded at $95.72, with a volume of 1835 shares traded. The stock had previously closed at $95.24.

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

The stock has a market cap of $1.48 billion, a P/E ratio of 21.82 and a beta of 1.01. The business has a 50 day simple moving average of $92.52 and a 200-day simple moving average of $89.21.

Hedge Funds Weigh In On Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC raised its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 7.5% in the third quarter. Integrated Wealth Concepts LLC now owns 1,357,176 shares of the company’s stock worth $115,414,000 after acquiring an additional 94,490 shares during the period. Members Trust Co boosted its stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 3.5% in the fourth quarter. Members Trust Co now owns 1,104,114 shares of the company’s stock valued at $93,982,000 after acquiring an additional 37,429 shares during the last quarter. Morgan Stanley grew its position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 28.1% during the 4th quarter. Morgan Stanley now owns 927,246 shares of the company’s stock valued at $78,927,000 after acquiring an additional 203,219 shares during the period. Bank of America Corp DE grew its position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 11.2% during the 3rd quarter. Bank of America Corp DE now owns 659,405 shares of the company’s stock valued at $56,076,000 after acquiring an additional 66,674 shares during the period. Finally, Aptus Capital Advisors LLC increased its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 4.5% during the 4th quarter. Aptus Capital Advisors LLC now owns 588,483 shares of the company’s stock worth $50,092,000 after purchasing an additional 25,200 shares during the last quarter.

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

(Get Free Report)

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.

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