Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (NYSEARCA:GVUS) Trading 0.2% Higher – Here’s Why

Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (NYSEARCA:GVUS) shares rose 0.2% during mid-day trading on Tuesday . The stock traded as high as $63.52 and last traded at $63.49. 268 shares changed hands during trading, a decline of 96% from the average daily volume of 7,638 shares. The stock had previously closed at $63.38.

Goldman Sachs MarketBeta Russell 1000 Value Equity ETF Trading Down 0.6%

The firm has a fifty day simple moving average of $62.02 and a 200 day simple moving average of $58.67. The stock has a market cap of $423.04 million, a price-to-earnings ratio of 19.27 and a beta of 0.76.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Goldman Sachs MarketBeta Russell 1000 Value Equity ETF stock. Goldman Sachs Group Inc. increased its position in Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (NYSEARCA:GVUS) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,622,849 shares of the company’s stock after purchasing an additional 31,883 shares during the quarter. Goldman Sachs Group Inc. owned approximately 91.98% of Goldman Sachs MarketBeta Russell 1000 Value Equity ETF worth $358,124,000 at the end of the most recent quarter.

Goldman Sachs MarketBeta Russell 1000 Value Equity ETF Company Profile

The Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large- and mid-cap stocks selected from the Russell 1000 Index with the highest value characteristics based on Russells style methodology. GVUS was launched on Nov 28, 2023 and is issued by Goldman Sachs.