Envestnet Portfolio Solutions Inc. Acquires Shares of 108,816 Goldman Sachs Equal Weight U.S. Large Cap Equity ETF $GSEW

Envestnet Portfolio Solutions Inc. bought a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 108,816 shares of the company’s stock, valued at approximately $9,254,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Richards Merrill & Peterson Inc. raised its holdings in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 4.2% during the 3rd quarter. Richards Merrill & Peterson Inc. now owns 4,609 shares of the company’s stock worth $392,000 after buying an additional 187 shares in the last quarter. Kathmere Capital Management LLC grew its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 0.4% in the third quarter. Kathmere Capital Management LLC now owns 47,484 shares of the company’s stock valued at $4,038,000 after acquiring an additional 194 shares during the last quarter. Princeton Global Asset Management LLC raised its stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 2.1% during the third quarter. Princeton Global Asset Management LLC now owns 14,874 shares of the company’s stock worth $1,265,000 after acquiring an additional 300 shares in the last quarter. Valicenti Advisory Services Inc. raised its stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 1.5% during the second quarter. Valicenti Advisory Services Inc. now owns 21,117 shares of the company’s stock worth $1,722,000 after acquiring an additional 313 shares in the last quarter. Finally, Panoramic Investment Advisors LLC lifted its holdings in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 3.5% in the third quarter. Panoramic Investment Advisors LLC now owns 10,641 shares of the company’s stock worth $905,000 after acquiring an additional 356 shares during the last quarter.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Trading Up 3.3%

GSEW opened at $87.96 on Friday. The company has a market cap of $1.38 billion, a P/E ratio of 21.82 and a beta of 1.01. The company’s 50 day moving average is $85.82 and its 200-day moving average is $84.62. Goldman Sachs Equal Weight U.S. Large Cap Equity ETF has a 1-year low of $65.88 and a 1-year high of $83.97.

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.