Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Reaches New 52-Week High – Should You Buy?

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) hit a new 52-week high during trading on Monday . The company traded as high as $86.35 and last traded at $86.4060, with a volume of 86338 shares trading hands. The stock had previously closed at $85.15.

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

The stock has a market capitalization of $1.36 billion, a PE ratio of 21.82 and a beta of 1.01. The company’s fifty day simple moving average is $84.78 and its two-hundred day simple moving average is $83.97.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ancora Advisors LLC acquired a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the third quarter valued at approximately $32,000. Jackson Grant Investment Advisers Inc. purchased a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the 3rd quarter valued at $195,000. AFG Fiduciary Services Limited Partnership purchased a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the 2nd quarter valued at $218,000. Sunpointe LLC acquired a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 2nd quarter valued at $239,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 2nd quarter worth $242,000.

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

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.