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) shares reached a new 52-week high on Friday . The stock traded as high as $94.13 and last traded at $94.05, with a volume of 15205 shares trading hands. The stock had previously closed at $93.26.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Stock Up 0.7%

The company has a market capitalization of $1.47 billion, a PE ratio of 21.82 and a beta of 1.01. The company’s 50 day moving average is $90.24 and its two-hundred day moving average is $88.00.

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

A number of large investors have recently made changes to their positions in the company. Whittier Trust Co. bought a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter valued at about $26,000. Parallel Advisors LLC bought a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter valued at about $26,000. Ancora Advisors LLC bought a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 3rd quarter valued at about $32,000. Allworth Financial LP bought a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter valued at about $37,000. Finally, Bogart Wealth LLC bought a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter valued at about $74,000.

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.