Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $76.62 and traded as high as $82.82. Goldman Sachs MarketBeta U.S. Equity ETF shares last traded at $82.57, with a volume of 42,756 shares changing hands.

Goldman Sachs MarketBeta U.S. Equity ETF Trading Up 0.6 %

The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 26.59 and a beta of 1.01. The stock has a 50-day moving average of $80.08 and a 200-day moving average of $76.66.

Hedge Funds Weigh In On Goldman Sachs MarketBeta U.S. Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in Goldman Sachs MarketBeta U.S. Equity ETF in the 2nd quarter valued at about $14,611,000. LPL Financial LLC increased its stake in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 2.8% in the second quarter. LPL Financial LLC now owns 5,188,814 shares of the company’s stock valued at $387,916,000 after purchasing an additional 141,016 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 3.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,180,398 shares of the company’s stock valued at $163,007,000 after buying an additional 76,841 shares during the last quarter. Principal Securities Inc. boosted its position in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 5.7% during the third quarter. Principal Securities Inc. now owns 932,801 shares of the company’s stock worth $73,514,000 after buying an additional 50,181 shares during the period. Finally, Maia Wealth LLC bought a new position in Goldman Sachs MarketBeta U.S. Equity ETF in the 2nd quarter worth approximately $3,839,000.

Goldman Sachs MarketBeta U.S. Equity ETF Company Profile

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.