Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Hits New 52-Week High – What’s Next?

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW)’s share price hit a new 52-week high on Tuesday . The company traded as high as $86.35 and last traded at $87.4230, with a volume of 86338 shares. The stock had previously closed at $85.15.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Stock Up 3.8%

The company has a 50 day moving average of $85.64 and a 200 day moving average of $84.55. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 21.82 and a beta of 1.01.

Hedge Funds Weigh In On Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of GSEW. Ancora Advisors LLC acquired a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the 3rd quarter valued at $32,000. Kelleher Financial Advisors acquired a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the fourth quarter valued at $102,000. Jackson Grant Investment Advisers Inc. acquired a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the third quarter valued at $195,000. Sequoia Financial Advisors LLC purchased a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the second quarter valued at about $242,000. Finally, WBH Advisory Inc. acquired a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the second quarter worth about $284,000.

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.