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

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) reached a new 52-week high on Tuesday . The stock traded as high as $95.80 and last traded at $95.72, with a volume of 1835 shares trading hands. The stock had previously closed at $95.24.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Stock Performance

The firm has a market capitalization of $1.49 billion, a PE ratio of 21.82 and a beta of 1.01. The company has a fifty day moving average price of $92.32 and a 200-day moving average price of $89.07.

Institutional Investors Weigh In On Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

Several large investors have recently bought and sold shares of the business. Members Trust Co bought a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the third quarter valued at $90,711,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 250.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 299,699 shares of the company’s stock worth $26,133,000 after buying an additional 214,110 shares in the last quarter. Morgan Stanley increased its holdings in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 28.1% in the 4th quarter. Morgan Stanley now owns 927,246 shares of the company’s stock worth $78,927,000 after buying an additional 203,219 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 48.0% in the 4th quarter. LPL Financial LLC now owns 444,845 shares of the company’s stock worth $37,865,000 after buying an additional 144,265 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 7.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,357,176 shares of the company’s stock valued at $115,414,000 after buying an additional 94,490 shares in the last quarter.

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.