Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) Reaches New 12-Month High – Here’s Why

Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) hit a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $107.77 and last traded at $108.0190, with a volume of 3219 shares traded. The stock had previously closed at $107.23.

Goldman Sachs MarketBeta U.S. Equity ETF Trading Down 0.3%

The stock has a market cap of $3.29 billion, a P/E ratio of 26.28 and a beta of 1.02. The business’s fifty day simple moving average is $106.03 and its 200 day simple moving average is $101.96.

Institutional Trading of Goldman Sachs MarketBeta U.S. Equity ETF

Several hedge funds have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 3.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 758,721 shares of the company’s stock valued at $78,224,000 after purchasing an additional 28,471 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Goldman Sachs MarketBeta U.S. Equity ETF by 3.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,192,043 shares of the company’s stock worth $329,100,000 after purchasing an additional 95,147 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Goldman Sachs MarketBeta U.S. Equity ETF by 1.0% during the 2nd quarter. NewEdge Advisors LLC now owns 180,502 shares of the company’s stock worth $18,610,000 after buying an additional 1,874 shares in the last quarter. Beacon Financial Advisory LLC lifted its holdings in Goldman Sachs MarketBeta U.S. Equity ETF by 6.7% during the 2nd quarter. Beacon Financial Advisory LLC now owns 36,406 shares of the company’s stock worth $3,753,000 after buying an additional 2,280 shares in the last quarter. Finally, Camelot Portfolios LLC bought a new position in Goldman Sachs MarketBeta U.S. Equity ETF in the 2nd quarter valued at $676,000.

About Goldman Sachs MarketBeta U.S. Equity ETF

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.