Envestnet Asset Management Inc. Increases Stock Position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF $GGUS

Envestnet Asset Management Inc. lifted its stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) by 121.0% during the third quarter, HoldingsChannel.com reports. The firm owned 579,574 shares of the company’s stock after purchasing an additional 317,274 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.10% of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF worth $36,683,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 18.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,975 shares of the company’s stock valued at $172,000 after acquiring an additional 457 shares during the period. Global Retirement Partners LLC increased its stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 111.8% in the third quarter. Global Retirement Partners LLC now owns 4,965 shares of the company’s stock worth $314,000 after purchasing an additional 2,621 shares in the last quarter. Syntegra Private Wealth Group LLC purchased a new stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF in the 2nd quarter worth $224,000. Private Trust Co. NA grew its position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 1,539.6% during the third quarter. Private Trust Co. NA now owns 5,755 shares of the company’s stock worth $364,000 after purchasing an additional 5,404 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 128.1% in the 3rd quarter. CoreCap Advisors LLC now owns 14,698 shares of the company’s stock worth $930,000 after purchasing an additional 8,253 shares in the last quarter.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Trading Down 0.3%

Shares of GGUS stock opened at $62.22 on Wednesday. The stock has a market capitalization of $379.54 million, a price-to-earnings ratio of 35.28 and a beta of 1.17. The stock’s 50-day moving average price is $63.48 and its 200-day moving average price is $62.74. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF has a 12-month low of $43.64 and a 12-month high of $66.12.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Profile

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.