Sowell Financial Services LLC Makes New $9.32 Million Investment in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF $GGUS

Sowell Financial Services LLC bought a new stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 136,985 shares of the company’s stock, valued at approximately $9,325,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 5.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 687,304 shares of the company’s stock worth $46,909,000 after acquiring an additional 37,012 shares during the period. NewEdge Advisors LLC raised its stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 172.9% in the first quarter. NewEdge Advisors LLC now owns 33,808 shares of the company’s stock worth $1,960,000 after purchasing an additional 21,418 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 8.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 173,918 shares of the company’s stock worth $11,870,000 after purchasing an additional 13,206 shares during the last quarter. CoreCap Advisors LLC lifted its holdings in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 28.0% during the third quarter. CoreCap Advisors LLC now owns 57,288 shares of the company’s stock worth $3,900,000 after purchasing an additional 12,543 shares during the period. Finally, Elevation Point Wealth Partners LLC lifted its holdings in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 34.7% during the first quarter. Elevation Point Wealth Partners LLC now owns 33,346 shares of the company’s stock worth $1,933,000 after purchasing an additional 8,591 shares during the period.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Stock Down 1.4%

Shares of NYSEARCA GGUS opened at $65.95 on Friday. The business’s 50 day moving average price is $67.30 and its 200 day moving average price is $64.82. The firm has a market cap of $481.44 million, a P/E ratio of 35.28 and a beta of 1.17. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF has a 52 week low of $55.70 and a 52 week high of $70.67.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF 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.