Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) Hits New 1-Year High – Time to Buy?

Shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) hit a new 52-week high on Friday. The stock traded as high as $69.62 and last traded at $69.48, with a volume of 5772 shares changing hands. The stock had previously closed at $68.43.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Trading Up 1.3%

The firm’s fifty day simple moving average is $66.75 and its two-hundred day simple moving average is $65.30. The company has a market capitalization of $526.88 million, a price-to-earnings ratio of 35.28 and a beta of 1.17.

Hedge Funds Weigh In On Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

A number of hedge funds have recently modified their holdings of the business. Beacon Financial Advisory LLC increased its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 10.3% in the 2nd quarter. Beacon Financial Advisory LLC now owns 7,212 shares of the company’s stock valued at $492,000 after purchasing an additional 675 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 28.9% during the first quarter. Sanctuary Advisors LLC now owns 5,124 shares of the company’s stock worth $297,000 after purchasing an additional 1,150 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 3.8% in the second quarter. NewEdge Advisors LLC now owns 35,088 shares of the company’s stock valued at $2,395,000 after purchasing an additional 1,280 shares in the last quarter. Cornerstone Planning Group LLC purchased a new position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF in the first quarter valued at approximately $75,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 19.1% during the 1st quarter. Bank of New York Mellon Corp now owns 17,419 shares of the company’s stock worth $1,010,000 after buying an additional 2,796 shares during the last quarter.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Company Profile

The Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large- and mid-cap stocks selected from the Russell 1000 Index with the highest growth characteristics based on Russells style methodology. GGUS was launched on Nov 28, 2023 and is issued by Goldman Sachs.