Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) Shares Break Below 200-Day Moving Average – Here’s What Happened

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS)’s stock price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $64.82 and traded as low as $63.47. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF shares last traded at $64.00, with a volume of 410,889 shares changing hands.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Trading Down 3.0%

The company’s fifty day moving average price is $67.25 and its two-hundred day moving average price is $64.82. The firm has a market cap of $467.20 million, a P/E ratio of 35.28 and a beta of 1.17.

Institutional Trading of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

Several large investors have recently added to or reduced their stakes in GGUS. Beacon Financial Advisory LLC increased its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 10.3% during the 2nd quarter. Beacon Financial Advisory LLC now owns 7,212 shares of the company’s stock valued at $492,000 after purchasing an additional 675 shares in the last quarter. Sanctuary Advisors LLC raised its position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 28.9% in the 1st quarter. Sanctuary Advisors LLC now owns 5,124 shares of the company’s stock valued at $297,000 after purchasing an additional 1,150 shares during the last quarter. NewEdge Advisors LLC raised its position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 3.8% in the 2nd quarter. NewEdge Advisors LLC now owns 35,088 shares of the company’s stock valued at $2,395,000 after purchasing an additional 1,280 shares during the last quarter. Cornerstone Planning Group LLC bought a new position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF in the 1st quarter valued at $75,000. Finally, Bank of New York Mellon Corp boosted its stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 19.1% in the first quarter. Bank of New York Mellon Corp now owns 17,419 shares of the company’s stock worth $1,010,000 after purchasing an additional 2,796 shares in the last quarter.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Company 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.