Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Sets New 52-Week High – What’s Next?

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

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

The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 21.82 and a beta of 1.01. The company has a fifty day simple moving average of $85.53 and a 200-day simple moving average of $84.50.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC purchased a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 3rd quarter worth approximately $32,000. Jackson Grant Investment Advisers Inc. acquired a new stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the third quarter worth $195,000. Sequoia Financial Advisors LLC purchased a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the second quarter valued at $242,000. WBH Advisory Inc. purchased a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the second quarter valued at $284,000. Finally, Mendel Money Management acquired a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the third quarter valued at $303,000.

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.