Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) Hits New 52-Week High – Time to Buy?

by · The Markets Daily

Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $105.60 and last traded at $105.59, with a volume of 5457 shares. The stock had previously closed at $104.64.

Goldman Sachs MarketBeta U.S. Equity ETF Stock Performance

The firm has a market cap of $3.25 billion, a P/E ratio of 26.28 and a beta of 1.02. The firm’s fifty day moving average is $102.96 and its 200 day moving average is $98.03.

Institutional Investors Weigh In On Goldman Sachs MarketBeta U.S. Equity ETF

Institutional investors have recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in Goldman Sachs MarketBeta U.S. Equity ETF by 5.6% in the 4th quarter. LPL Financial LLC now owns 5,951,529 shares of the company’s stock valued at $561,824,000 after purchasing an additional 314,313 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 1,677.2% during the fourth quarter. Wells Fargo & Company MN now owns 236,313 shares of the company’s stock worth $22,308,000 after purchasing an additional 223,016 shares during the period. Keebeck Wealth Management increased its holdings in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 172.1% during the third quarter. Keebeck Wealth Management now owns 293,930 shares of the company’s stock worth $27,159,000 after purchasing an additional 185,891 shares during the period. Robertson Stephens Wealth Management LLC raised its position in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 36.9% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 478,806 shares of the company’s stock valued at $45,199,000 after buying an additional 129,116 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 25.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 616,858 shares of the company’s stock valued at $58,231,000 after buying an additional 125,012 shares in the last quarter.

About Goldman Sachs MarketBeta U.S. Equity ETF

(Get Free Report)

The Goldman Sachs MarketBeta US Equity ETF (GSUS) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of US equities, selected and weighted by market capitalization. GSUS was launched on May 12, 2020 and is managed by Goldman Sachs.

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