Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Hits New 12-Month High – What’s Next?

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) shares reached a new 52-week high on Monday . The company traded as high as $97.87 and last traded at $97.76, with a volume of 26140 shares. The stock had previously closed at $97.78.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Trading Up 0.1%

The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 21.82 and a beta of 1.01. The company has a fifty day moving average price of $94.38 and a 200-day moving average price of $90.49.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley grew its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 28.1% in the fourth quarter. Morgan Stanley now owns 927,246 shares of the company’s stock worth $78,927,000 after acquiring an additional 203,219 shares in the last quarter. Bank of America Corp DE raised its holdings 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 purchasing an additional 66,674 shares in the last quarter. Aptus Capital Advisors LLC lifted its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 4.5% in the 4th quarter. Aptus Capital Advisors LLC now owns 588,483 shares of the company’s stock valued at $50,092,000 after purchasing an additional 25,200 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 48.0% in the 4th quarter. LPL Financial LLC now owns 444,845 shares of the company’s stock valued at $37,865,000 after purchasing an additional 144,265 shares during the last quarter. Finally, Great Lakes Retirement Inc. lifted its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 3.6% in the 4th quarter. Great Lakes Retirement Inc. now owns 425,038 shares of the company’s stock valued at $36,179,000 after purchasing an additional 14,640 shares during the last quarter.

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.