Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Hits 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 during mid-day trading on Friday . The stock traded as high as $94.13 and last traded at $94.05, with a volume of 15205 shares. The stock had previously closed at $93.26.

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

The company’s fifty day moving average price is $90.42 and its 200-day moving average price is $88.05. The stock has a market cap of $1.47 billion, a P/E ratio of 21.82 and a beta of 1.01.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Whittier Trust Co. bought a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter valued at about $26,000. Parallel Advisors LLC bought a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter valued at about $26,000. Ancora Advisors LLC bought a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 3rd quarter valued at about $32,000. Allworth Financial LP bought a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter valued at about $37,000. Finally, Bogart Wealth LLC bought a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter valued at about $74,000.

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.