Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Sets New 1-Year High – Should You Buy?

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW)’s share price reached a new 52-week high on Friday . The company traded as high as $92.08 and last traded at $92.08, with a volume of 18057 shares. The stock had previously closed at $90.77.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Trading Up 0.9%

The company has a market cap of $1.44 billion, a PE ratio of 21.82 and a beta of 1.01. The business has a fifty day moving average of $87.91 and a 200-day moving average of $87.02.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Whittier Trust Co. purchased a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter valued at about $26,000. Parallel Advisors LLC purchased a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter valued at about $26,000. Ancora Advisors LLC purchased a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 3rd quarter valued at about $32,000. Allworth Financial LP purchased a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter worth approximately $37,000. Finally, Bogart Wealth LLC purchased a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter worth approximately $74,000.

About Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

The Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of US large-cap stocks. GSEW was launched on Sep 12, 2017 and is managed by Goldman Sachs.