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:GSEW)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $91.57 and last traded at $91.41, with a volume of 1698 shares changing hands. The stock had previously closed at $90.78.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Trading Up 0.6%

The company’s 50-day moving average price is $87.46 and its two-hundred day moving average price is $86.55. The company has a market cap of $1.43 billion, a P/E ratio of 21.82 and a beta of 1.01.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GSEW. Integrated Wealth Concepts LLC grew its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 7.5% during the third quarter. Integrated Wealth Concepts LLC now owns 1,357,176 shares of the company’s stock valued at $115,414,000 after purchasing an additional 94,490 shares in the last quarter. Members Trust Co grew its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 3.5% during the fourth quarter. Members Trust Co now owns 1,104,114 shares of the company’s stock valued at $93,982,000 after purchasing an additional 37,429 shares in the last quarter. Morgan Stanley grew its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 28.1% during the fourth quarter. Morgan Stanley now owns 927,246 shares of the company’s stock valued at $78,927,000 after purchasing an additional 203,219 shares in the last quarter. Bank of America Corp DE grew its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 11.2% during the third quarter. Bank of America Corp DE now owns 659,405 shares of the company’s stock valued at $56,076,000 after purchasing an additional 66,674 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 4.5% during the fourth quarter. Aptus Capital Advisors LLC now owns 588,483 shares of the company’s stock valued at $50,092,000 after purchasing an additional 25,200 shares in the last quarter.

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

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.