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

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) hit a new 52-week high during trading on Monday . The stock traded as high as $86.35 and last traded at $87.8870, with a volume of 86338 shares. The stock had previously closed at $85.15.

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

The firm has a market cap of $1.38 billion, a PE ratio of 21.82 and a beta of 1.01. The company’s 50-day simple moving average is $85.01 and its two-hundred day simple moving average is $84.23.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GSEW. Wealth Enhancement Advisory Services LLC lifted its holdings in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 38.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 177,342 shares of the company’s stock worth $15,586,000 after buying an additional 48,867 shares during the period. Central Pacific Bank Trust Division raised its holdings in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 7.1% during the fourth quarter. Central Pacific Bank Trust Division now owns 6,342 shares of the company’s stock valued at $540,000 after acquiring an additional 419 shares in the last quarter. IFP Advisors Inc lifted its stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 22.0% in the third quarter. IFP Advisors Inc now owns 196,549 shares of the company’s stock worth $16,715,000 after acquiring an additional 35,461 shares during the period. Advisory Services Network LLC boosted its holdings in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 19.5% in the third quarter. Advisory Services Network LLC now owns 11,418 shares of the company’s stock valued at $971,000 after acquiring an additional 1,862 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 6.5% during the 3rd quarter. NewEdge Advisors LLC now owns 10,187 shares of the company’s stock valued at $866,000 after purchasing an additional 618 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.