Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Sets New 1-Year High – Should You Buy?

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW)’s share price hit a new 52-week high on Thursday . The company traded as high as $89.79 and last traded at $89.53, with a volume of 800 shares. The stock had previously closed at $89.28.

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

The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 21.82 and a beta of 1.01. The stock’s fifty day moving average is $87.60 and its two-hundred day moving average is $85.52.

Institutional Trading of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Richards Merrill & Peterson Inc. increased its stake in 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 valued at $392,000 after buying an additional 187 shares during the period. Kathmere Capital Management LLC grew its stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 0.4% during the 3rd 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 in the last quarter. Cetera Investment Advisers increased its stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 1.7% in the 4th quarter. Cetera Investment Advisers now owns 12,923 shares of the company’s stock valued at $1,100,000 after buying an additional 212 shares during the period. Captrust Financial Advisors raised its holdings in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 8.3% during the fourth quarter. Captrust Financial Advisors now owns 3,050 shares of the company’s stock worth $260,000 after acquiring an additional 233 shares in the last quarter. Finally, Whittier Trust Co. acquired a new stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter valued at about $26,000.

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.