Goldman Sachs MarketBeta US 1000 Equity ETF (NYSEARCA:GUSA) Reaches New 52-Week High – Here’s Why

Shares of Goldman Sachs MarketBeta US 1000 Equity ETF (NYSEARCA:GUSA) hit a new 52-week high during trading on Wednesday . The company traded as high as $53.15 and last traded at $53.15, with a volume of 628 shares. The stock had previously closed at $53.07.

Goldman Sachs MarketBeta US 1000 Equity ETF Price Performance

The business has a 50 day moving average of $52.04 and a 200 day moving average of $50.49. The company has a market cap of $1.91 billion, a PE ratio of 25.43 and a beta of 1.01.

Hedge Funds Weigh In On Goldman Sachs MarketBeta US 1000 Equity ETF

An institutional investor recently bought a new position in Goldman Sachs MarketBeta US 1000 Equity ETF stock. FMR LLC acquired a new position in Goldman Sachs MarketBeta US 1000 Equity ETF (NYSEARCA:GUSA) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $50,000.

Goldman Sachs MarketBeta US 1000 Equity ETF Company Profile

The Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) is an exchange-traded fund that is based on the Solactive GBS United States 1000 index. The fund tracks an index of 1,000 US large-cap companies selected and weighted by market-cap. GUSA was launched on Apr 5, 2022 and is managed by Goldman Sachs.