Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) Stock Price Down 2.8% – Here’s Why

Shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) traded down 2.8% during mid-day trading on Thursday . The stock traded as low as $51.42 and last traded at $51.42. 65 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 16,134 shares. The stock had previously closed at $52.92.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Price Performance

The company has a market capitalization of $269.96 million, a P/E ratio of 34.03 and a beta of 1.15. The firm has a fifty day moving average price of $55.09 and a 200-day moving average price of $53.31.

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

A hedge fund recently bought a new stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF stock. Advisors Capital Management LLC acquired a new stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,900 shares of the company’s stock, valued at approximately $649,000. Advisors Capital Management LLC owned 0.11% of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF at the end of the most recent quarter.

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.