Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) Stock Price Down 0.5% – Here’s Why

Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) shares were down 0.5% on Thursday . The stock traded as low as $94.37 and last traded at $94.95. Approximately 69,577 shares traded hands during trading, a decline of 43% from the average daily volume of 121,305 shares. The stock had previously closed at $95.47.

Goldman Sachs MarketBeta U.S. Equity ETF Stock Down 0.5%

The firm has a 50 day simple moving average of $95.06 and a two-hundred day simple moving average of $93.19. The stock has a market capitalization of $2.90 billion, a P/E ratio of 26.28 and a beta of 1.02.

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

Hedge funds have recently modified their holdings of the business. LPL Financial LLC raised its position in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 5.6% during the fourth quarter. LPL Financial LLC now owns 5,951,529 shares of the company’s stock worth $561,824,000 after purchasing an additional 314,313 shares during the period. Envestnet Asset Management Inc. increased its stake in Goldman Sachs MarketBeta U.S. Equity ETF by 7.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,046,008 shares of the company’s stock valued at $281,451,000 after purchasing an additional 222,740 shares in the last quarter. Principal Securities Inc. raised its holdings in Goldman Sachs MarketBeta U.S. Equity ETF by 3.8% during the fourth quarter. Principal Securities Inc. now owns 1,180,477 shares of the company’s stock worth $111,437,000 after buying an additional 42,793 shares during the last quarter. Morgan Stanley raised its holdings in Goldman Sachs MarketBeta U.S. Equity ETF by 10.4% during the fourth quarter. Morgan Stanley now owns 1,140,097 shares of the company’s stock worth $107,625,000 after buying an additional 107,582 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 6.1% in the fourth quarter. Cetera Investment Advisers now owns 666,715 shares of the company’s stock valued at $62,938,000 after buying an additional 38,038 shares in the last quarter.

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.