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

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW)’s share price hit a new 52-week high on Monday . The stock traded as high as $86.35 and last traded at $87.0860, with a volume of 86338 shares traded. The stock had previously closed at $85.15.

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

The stock has a market cap of $1.37 billion, a P/E ratio of 21.82 and a beta of 1.01. The business’s 50-day moving average price is $86.57 and its 200-day moving average price is $84.91.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of GSEW. Whittier Trust Co. purchased a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter valued at about $26,000. Ancora Advisors LLC purchased a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the 3rd quarter worth approximately $32,000. Bogart Wealth LLC bought a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter worth approximately $74,000. PDS Planning Inc purchased a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the fourth quarter valued at approximately $97,000. Finally, Kelleher Financial Advisors purchased a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the fourth quarter valued at approximately $102,000.

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.