Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) Reaches New 12-Month High – Time to Buy?

Shares of Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUSGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $105.60 and last traded at $105.59, with a volume of 5457 shares trading hands. The stock had previously closed at $104.64.

Goldman Sachs MarketBeta U.S. Equity ETF Price Performance

The company has a market cap of $3.25 billion, a price-to-earnings ratio of 26.28 and a beta of 1.02. The business’s fifty day moving average price is $103.07 and its 200 day moving average price is $98.18.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GSUS. LPL Financial LLC increased its stake in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 5.6% in the fourth quarter. LPL Financial LLC now owns 5,951,529 shares of the company’s stock valued at $561,824,000 after buying an additional 314,313 shares during the period. Principal Securities Inc. boosted its holdings in Goldman Sachs MarketBeta U.S. Equity ETF by 3.8% in the fourth quarter. Principal Securities Inc. now owns 1,180,477 shares of the company’s stock valued at $111,437,000 after acquiring an additional 42,793 shares during the last quarter. Morgan Stanley boosted its holdings in Goldman Sachs MarketBeta U.S. Equity ETF by 10.4% in the fourth quarter. Morgan Stanley now owns 1,140,097 shares of the company’s stock valued at $107,625,000 after acquiring an additional 107,582 shares during the last quarter. Cetera Investment Advisers increased its position in Goldman Sachs MarketBeta U.S. Equity ETF by 6.1% during the 4th quarter. Cetera Investment Advisers now owns 666,715 shares of the company’s stock valued at $62,938,000 after purchasing an additional 38,038 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its position in Goldman Sachs MarketBeta U.S. Equity ETF by 25.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 616,858 shares of the company’s stock valued at $58,231,000 after purchasing an additional 125,012 shares during the period.

About Goldman Sachs MarketBeta U.S. Equity ETF

(Get Free Report)

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.

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