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

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) shares 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 stock has a 50-day simple moving average of $67.25 and a 200-day simple moving average of $64.82. The company has a market cap of $467.20 million, a price-to-earnings ratio of 35.28 and a beta of 1.17.

Institutional Investors Weigh In On Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 5.7% in the 2nd 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 period. Sowell Financial Services LLC acquired a new position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the third quarter valued at approximately $18,649,000. Envestnet Portfolio Solutions Inc. raised its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 8.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 173,918 shares of the company’s stock worth $11,870,000 after purchasing an additional 13,206 shares in the last quarter. Cetera Investment Advisers raised its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 5.7% during the first quarter. Cetera Investment Advisers now owns 134,681 shares of the company’s stock worth $7,809,000 after purchasing an additional 7,235 shares in the last quarter. Finally, CoreCap Advisors LLC raised its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 28.0% during the third quarter. CoreCap Advisors LLC now owns 57,288 shares of the company’s stock worth $3,900,000 after purchasing an additional 12,543 shares in the last quarter.

About Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

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.