Goldman Sachs MarketBeta US 1000 Equity ETF (NYSEARCA:GUSA) Sees Large Volume Increase – Still a Buy?

Goldman Sachs MarketBeta US 1000 Equity ETF (NYSEARCA:GUSA) shares saw strong trading volume on Monday . 538 shares changed hands during trading, a decline of 0% from the previous session’s volume of 540 shares.The stock last traded at $48.58 and had previously closed at $47.65.

Goldman Sachs MarketBeta US 1000 Equity ETF Stock Down 1.2 %

The firm’s 50 day simple moving average is $51.42 and its two-hundred day simple moving average is $50.87. The stock has a market capitalization of $1.75 billion, a P/E ratio of 25.81 and a beta of 1.03.

Institutional Trading of Goldman Sachs MarketBeta US 1000 Equity ETF

An institutional investor recently bought a new position in Goldman Sachs MarketBeta US 1000 Equity ETF stock. FMR LLC acquired a new stake in shares of Goldman Sachs MarketBeta US 1000 Equity ETF (NYSEARCA:GUSA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,000 shares of the company’s stock, valued at approximately $50,000.

About Goldman Sachs MarketBeta US 1000 Equity ETF

The Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) is an exchange-traded fund that is based on the Solactive GBS United States 1000 index. The fund tracks an index of 1,000 US large-cap companies selected and weighted by market-cap. GUSA was launched on Apr 5, 2022 and is managed by Goldman Sachs.