Northwestern Mutual Wealth Management Co. Raises Stock Position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF $GSEW

Northwestern Mutual Wealth Management Co. lifted its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) by 140.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 205,983 shares of the company’s stock after buying an additional 120,394 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF were worth $17,533,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Whittier Trust Co. purchased a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the 4th quarter worth approximately $26,000. Richards Merrill & Peterson Inc. grew its position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 7.1% in the 4th quarter. Richards Merrill & Peterson Inc. now owns 4,935 shares of the company’s stock worth $420,000 after buying an additional 326 shares during the last quarter. Ancora Advisors LLC purchased a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the 3rd quarter worth approximately $32,000. Central Pacific Bank Trust Division grew its position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 7.1% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,342 shares of the company’s stock worth $540,000 after buying an additional 419 shares during the last quarter. Finally, Allworth Financial LP purchased a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the 4th quarter worth approximately $37,000.

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

Shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF stock opened at $93.05 on Monday. The firm’s 50 day moving average price is $88.70 and its 200-day moving average price is $87.38. Goldman Sachs Equal Weight U.S. Large Cap Equity ETF has a 52-week low of $77.93 and a 52-week high of $93.18. The company has a market cap of $1.46 billion, a P/E ratio of 21.82 and a beta of 1.01.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Company Profile

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.