Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Hits New 52-Week High – Here’s What Happened

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $86.35 and last traded at $86.2910, 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 firm has a fifty day simple moving average of $84.65 and a 200-day simple moving average of $83.64. The company has a market capitalization of $1.35 billion, a PE ratio of 21.82 and a beta of 1.01.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GSEW. Members Trust Co bought a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the third quarter worth about $90,711,000. Envestnet Portfolio Solutions Inc. bought a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 3rd quarter worth approximately $9,254,000. Integrated Wealth Concepts LLC grew its position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 7.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,357,176 shares of the company’s stock worth $115,414,000 after acquiring an additional 94,490 shares in the last quarter. Great Lakes Retirement Inc. increased its holdings in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 28.7% in the 2nd quarter. Great Lakes Retirement Inc. now owns 405,426 shares of the company’s stock valued at $33,058,000 after acquiring an additional 90,305 shares during the last quarter. Finally, Kilter Group LLC acquired a new stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 2nd quarter valued at approximately $7,223,000.

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.