Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Hits New 52-Week High – Still a Buy?

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $86.35 and last traded at $88.35, with a volume of 86338 shares. The stock had previously closed at $85.15.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Trading Up 4.4%

The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 21.82 and a beta of 1.01. The stock’s 50 day moving average is $86.73 and its 200 day moving average is $85.00.

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

Large investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 17.3% in the 1st quarter. Royal Bank of Canada now owns 119,845 shares of the company’s stock valued at $9,113,000 after purchasing an additional 17,644 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 7.6% during the first quarter. NewEdge Advisors LLC now owns 15,010 shares of the company’s stock worth $1,141,000 after buying an additional 1,065 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the first quarter valued at about $2,080,000. Sequoia Financial Advisors LLC acquired a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the second quarter valued at about $242,000. Finally, CKW Financial Group grew its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 0.4% in the second quarter. CKW Financial Group now owns 478,789 shares of the company’s stock valued at $39,423,000 after acquiring an additional 2,031 shares in the last quarter.

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.