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

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $92.08 and last traded at $92.08, with a volume of 18057 shares. The stock had previously closed at $90.77.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Stock Up 1.0%

The stock has a fifty day moving average of $88.02 and a 200-day moving average of $87.06. The stock has a market cap of $1.44 billion, a PE ratio of 21.82 and a beta of 1.01.

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 made changes to their positions in GSEW. Western Wealth Management LLC increased its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 51.9% during the 1st quarter. Western Wealth Management LLC now owns 11,929 shares of the company’s stock worth $1,010,000 after purchasing an additional 4,075 shares during the period. Orographic Financial Advisors LLC acquired a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 1st quarter worth approximately $376,000. Quantinno Capital Management LP increased its position in 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 purchasing an additional 3,510 shares during the period. Cetera Investment Advisers increased its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 29.7% during the 1st quarter. Cetera Investment Advisers now owns 16,758 shares of the company’s stock worth $1,419,000 after purchasing an additional 3,835 shares during the period. Finally, Earned Wealth Advisors LLC increased its position 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 purchasing an additional 1,119 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.