Advisors Preferred LLC Has $8.47 Million Stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF $GSEW

Advisors Preferred LLC grew its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) by 167.4% in the first quarter, HoldingsChannel.com reports. The fund owned 100,000 shares of the company’s stock after buying an additional 62,600 shares during the quarter. Goldman Sachs Equal Weight U.S. Large Cap Equity ETF comprises 1.2% of Advisors Preferred LLC’s portfolio, making the stock its 20th biggest position. Advisors Preferred LLC’s holdings in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF were worth $8,466,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of GSEW. Members Trust Co bought a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 3rd quarter worth approximately $90,711,000. Northwestern Mutual Wealth Management Co. raised its position in 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 valued at $26,133,000 after purchasing an additional 214,110 shares during the last quarter. Morgan Stanley boosted its stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 28.1% in the fourth quarter. Morgan Stanley now owns 927,246 shares of the company’s stock worth $78,927,000 after purchasing an additional 203,219 shares in the last quarter. LPL Financial LLC boosted its stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 48.0% in the fourth quarter. LPL Financial LLC now owns 444,845 shares of the company’s stock worth $37,865,000 after purchasing an additional 144,265 shares in the last quarter. Finally, AlphaCore Capital LLC bought a new stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the fourth quarter worth $7,108,000.

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

Shares of GSEW stock opened at $94.76 on Wednesday. Goldman Sachs Equal Weight U.S. Large Cap Equity ETF has a 52 week low of $80.92 and a 52 week high of $95.79. The stock has a market capitalization of $1.48 billion, a PE ratio of 21.82 and a beta of 1.01. The stock’s fifty day moving average is $92.92 and its 200-day moving average is $89.46.

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