Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) Reaches New 1-Year High – Should You Buy?

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS)’s stock price reached a new 52-week high on Friday. The company traded as high as $69.62 and last traded at $69.48, with a volume of 5772 shares changing hands. The stock had previously closed at $68.43.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Stock Up 1.3%

The firm has a market cap of $526.88 million, a PE ratio of 35.28 and a beta of 1.17. The company’s fifty day moving average price is $66.75 and its two-hundred day moving average price is $65.30.

Hedge Funds Weigh In On Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

Hedge funds have recently bought and sold shares of the company. Cornerstone Planning Group LLC purchased a new position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the 1st quarter valued at about $75,000. World Investment Advisors purchased a new position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the 4th quarter worth approximately $304,000. Sanctuary Advisors LLC raised its position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 28.9% during the 1st quarter. Sanctuary Advisors LLC now owns 5,124 shares of the company’s stock worth $297,000 after purchasing an additional 1,150 shares during the last quarter. Beacon Financial Advisory LLC lifted its stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 22.2% in the 1st quarter. Beacon Financial Advisory LLC now owns 6,537 shares of the company’s stock valued at $379,000 after buying an additional 1,189 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 52.1% during the 1st quarter. Private Advisor Group LLC now owns 10,209 shares of the company’s stock valued at $592,000 after buying an additional 3,499 shares during the last quarter.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Company 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.