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

Shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) hit a new 52-week high during trading on Thursday . The company traded as high as $92.80 and last traded at $92.80, with a volume of 9853 shares trading hands. The stock had previously closed at $92.17.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Trading Up 0.8%

The stock has a market cap of $1.45 billion, a PE ratio of 21.82 and a beta of 1.01. The company’s 50 day moving average is $88.42 and its 200-day moving average is $87.26.

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

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

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.