Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) Stock Price Up 1.2% – Time to Buy?

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS)’s share price rose 1.2% on Thursday . The company traded as high as $63.34 and last traded at $63.00. Approximately 49,301 shares changed hands during mid-day trading, an increase of 97% from the average daily volume of 24,969 shares. The stock had previously closed at $62.23.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Price Performance

The business’s fifty day moving average price is $63.66 and its 200-day moving average price is $61.10. The stock has a market capitalization of $395.75 million, a price-to-earnings ratio of 35.28 and a beta of 1.17.

Institutional Trading of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sowell Financial Services LLC purchased a new stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the 2nd quarter worth approximately $951,000. Syntegra Private Wealth Group LLC bought a new position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the second quarter valued at $224,000. Envestnet Asset Management Inc. grew its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 1.3% during the second quarter. Envestnet Asset Management Inc. now owns 262,300 shares of the company’s stock valued at $15,204,000 after purchasing an additional 3,397 shares during the period. LifePlan Investment Advisors Inc. increased its position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 137.4% in the third quarter. LifePlan Investment Advisors Inc. now owns 15,548 shares of the company’s stock worth $984,000 after buying an additional 8,999 shares during the last quarter. Finally, Consolidated Portfolio Review Corp bought a new stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF in the third quarter valued at $210,000.

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.