Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) Reaches New 1-Year High – What’s Next?

Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $98.79 and last traded at $98.79, with a volume of 73376 shares traded. The stock had previously closed at $98.08.

Goldman Sachs MarketBeta U.S. Equity ETF Stock Up 1.0%

The firm has a fifty day simple moving average of $93.48 and a 200-day simple moving average of $94.03. The company has a market capitalization of $3.03 billion, a P/E ratio of 26.28 and a beta of 1.02.

Institutional Investors Weigh In On Goldman Sachs MarketBeta U.S. Equity ETF

Several large investors have recently modified their holdings of GSUS. Qube Research & Technologies Ltd bought a new stake in shares of Goldman Sachs MarketBeta U.S. Equity ETF in the second quarter worth about $42,000. NewEdge Advisors LLC increased its holdings in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 2.1% in the second quarter. NewEdge Advisors LLC now owns 73,532 shares of the company’s stock worth $6,292,000 after acquiring an additional 1,491 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 4.3% during the second quarter. Raymond James Financial Inc. now owns 29,891 shares of the company’s stock worth $2,558,000 after buying an additional 1,227 shares during the period. Orion Porfolio Solutions LLC boosted its position in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 3.6% during the second quarter. Orion Porfolio Solutions LLC now owns 39,036 shares of the company’s stock worth $3,340,000 after buying an additional 1,350 shares during the period. Finally, Lantern Wealth Advisors LLC acquired a new position in shares of Goldman Sachs MarketBeta U.S. Equity ETF during the second quarter worth about $600,000.

Goldman Sachs MarketBeta U.S. Equity ETF Company Profile

The Goldman Sachs MarketBeta US Equity ETF (GSUS) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of US equities, selected and weighted by market capitalization. GSUS was launched on May 12, 2020 and is managed by Goldman Sachs.