Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Hits New 12-Month High – What’s Next?

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) reached a new 52-week high on Monday . The stock traded as high as $97.87 and last traded at $97.76, with a volume of 26140 shares trading hands. The stock had previously closed at $97.78.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Stock Up 0.1%

The company has a market cap of $1.53 billion, a price-to-earnings ratio of 21.82 and a beta of 1.01. The business has a 50-day simple moving average of $94.38 and a two-hundred day simple moving average of $90.49.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in GSEW. Royal Bank of Canada raised its position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 17.3% in the first quarter. Royal Bank of Canada now owns 119,845 shares of the company’s stock valued at $9,113,000 after purchasing an additional 17,644 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 7.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,010 shares of the company’s stock worth $1,141,000 after buying an additional 1,065 shares during the period. Jane Street Group LLC acquired a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the 1st quarter valued at $2,080,000. JPMorgan Chase & Co. grew its stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 93.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,911 shares of the company’s stock valued at $1,216,000 after buying an additional 7,189 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 19.7% in the 2nd quarter. Raymond James Financial Inc. now owns 353,011 shares of the company’s stock valued at $28,785,000 after buying an additional 58,174 shares during 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.