Sowell Financial Services LLC Makes New $9.32 Million Investment in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF $GGUS

Sowell Financial Services LLC acquired a new position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 136,985 shares of the company’s stock, valued at approximately $9,325,000. Sowell Financial Services LLC owned approximately 1.88% of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GGUS. CoreCap Advisors LLC raised its stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 28.0% in the third quarter. CoreCap Advisors LLC now owns 57,288 shares of the company’s stock valued at $3,900,000 after buying an additional 12,543 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 8.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 173,918 shares of the company’s stock worth $11,870,000 after acquiring an additional 13,206 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 5.7% during the second quarter. Envestnet Asset Management Inc. now owns 687,304 shares of the company’s stock worth $46,909,000 after acquiring an additional 37,012 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 3.8% during the second quarter. NewEdge Advisors LLC now owns 35,088 shares of the company’s stock worth $2,395,000 after acquiring an additional 1,280 shares during the last quarter. Finally, Beacon Financial Advisory LLC grew its stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 10.3% during the second quarter. Beacon Financial Advisory LLC now owns 7,212 shares of the company’s stock worth $492,000 after acquiring an additional 675 shares during the last quarter.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Stock Down 1.4%

GGUS opened at $65.95 on Friday. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF has a 52-week low of $55.70 and a 52-week high of $70.67. The company has a market cap of $481.44 million, a P/E ratio of 35.28 and a beta of 1.17. The firm’s 50-day moving average price is $67.30 and its 200-day moving average price is $64.82.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF 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.