Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Hits New 52-Week High – Time to Buy?

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEWGet Free Report)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $86.35 and last traded at $88.30, with a volume of 86338 shares changing hands. The stock had previously closed at $85.15.

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

The firm has a 50-day simple moving average of $85.82 and a 200-day simple moving average of $84.64. The firm has a market capitalization of $1.38 billion, a PE ratio of 21.82 and a beta of 1.01.

Institutional Investors Weigh In On Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of GSEW. Perigon Wealth Management LLC lifted its holdings in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 88.1% during the third quarter. Perigon Wealth Management LLC now owns 82,664 shares of the company’s stock valued at $7,030,000 after purchasing an additional 38,726 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 74.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 87,852 shares of the company’s stock valued at $7,471,000 after purchasing an additional 37,590 shares during the period. Global Retirement Partners LLC purchased a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 2nd quarter valued at $493,000. Janney Montgomery Scott LLC lifted its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 29.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 63,621 shares of the company’s stock valued at $5,188,000 after buying an additional 14,535 shares in the last quarter. Finally, First Interstate Bank purchased a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the 2nd quarter worth $5,418,000.

About Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

(Get Free Report)

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.

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