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)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $95.06 and last traded at $94.84, with a volume of 6822 shares trading hands. The stock had previously closed at $94.42.

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

The business has a fifty day simple moving average of $91.93 and a 200 day simple moving average of $88.82. The stock has a market capitalization of $1.49 billion, a price-to-earnings 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

Several institutional investors and hedge funds have recently modified their holdings of GSEW. Merit Financial Group LLC bought a new stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter valued at $3,079,000. Fifth Third Securities Inc. bought a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the fourth quarter worth $2,908,000. PFG Investments LLC acquired a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the fourth quarter valued at about $1,046,000. Savvy Advisors Inc. acquired a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the fourth quarter valued at about $2,772,000. Finally, Earned Wealth Advisors LLC acquired a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the fourth quarter valued at about $788,000.

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

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.