Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) Stock Price Down 0.4% – Here’s Why

Shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) traded down 0.4% during mid-day trading on Monday . The company traded as low as $63.12 and last traded at $63.66. Approximately 15,153 shares were traded during trading, a decline of 40% from the average session volume of 25,348 shares. The stock had previously closed at $63.90.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Trading Down 2.2%

The company has a 50 day simple moving average of $66.64 and a 200-day simple moving average of $63.69. The stock has a market cap of $414.39 million, a price-to-earnings ratio of 35.28 and a beta of 1.15.

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

Large investors have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the 4th quarter worth approximately $56,000. Cornerstone Planning Group LLC bought a new stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF in the first quarter worth $75,000. Transamerica Financial Advisors LLC lifted its position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 25.7% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,441 shares of the company’s stock worth $92,000 after purchasing an additional 295 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 18.1% during the second quarter. Osaic Holdings Inc. now owns 2,975 shares of the company’s stock worth $172,000 after purchasing an additional 457 shares during the last quarter. Finally, Perigon Wealth Management LLC acquired a new position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the fourth quarter worth $245,000.

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.