Sowell Financial Services LLC Acquires New Position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF $GGUS

Sowell Financial Services LLC acquired a new stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 273,970 shares of the company’s stock, valued at approximately $18,649,000.

A number of other institutional investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 5.7% during the second quarter. Envestnet Asset Management Inc. now owns 687,304 shares of the company’s stock worth $46,909,000 after acquiring an additional 37,012 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 172.9% in the first quarter. NewEdge Advisors LLC now owns 33,808 shares of the company’s stock worth $1,960,000 after purchasing an additional 21,418 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 8.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 173,918 shares of the company’s stock valued at $11,870,000 after purchasing an additional 13,206 shares in the last quarter. CoreCap Advisors LLC increased its stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 28.0% in the third quarter. CoreCap Advisors LLC now owns 57,288 shares of the company’s stock valued at $3,900,000 after purchasing an additional 12,543 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC increased its stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 34.7% in the first quarter. Elevation Point Wealth Partners LLC now owns 33,346 shares of the company’s stock valued at $1,933,000 after purchasing an additional 8,591 shares in the last quarter.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Trading Down 0.2%

Shares of NYSEARCA GGUS opened at $66.47 on Wednesday. The firm’s 50-day moving average price is $67.54 and its 200-day moving average price is $66.22. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF has a 1-year low of $55.70 and a 1-year high of $70.67. The firm has a market capitalization of $485.23 million, a P/E ratio of 35.28 and a beta of 1.17.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Company Profile

The Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) 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 growth characteristics based on Russells style methodology. GGUS was launched on Nov 28, 2023 and is issued by Goldman Sachs.