Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) Trading Up 15.7% – Here’s What Happened

Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS)’s share price was up 15.7% during mid-day trading on Wednesday . The stock traded as high as $81.9350 and last traded at $92.8760. Approximately 49,252 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 104,858 shares. The stock had previously closed at $80.28.

Goldman Sachs MarketBeta U.S. Equity ETF Price Performance

The firm’s 50 day moving average is $93.55 and its 200 day moving average is $89.79. The company has a market capitalization of $2.84 billion, a PE ratio of 26.28 and a beta of 1.02.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Lantern Wealth Advisors LLC grew its position in Goldman Sachs MarketBeta U.S. Equity ETF by 5.3% during the third quarter. Lantern Wealth Advisors LLC now owns 7,388 shares of the company’s stock valued at $683,000 after buying an additional 375 shares during the period. First Commonwealth Financial Corp PA bought a new stake in shares of Goldman Sachs MarketBeta U.S. Equity ETF during the 3rd quarter valued at $257,000. Integrated Wealth Concepts LLC grew its position in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 5.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 49,444 shares of the company’s stock valued at $4,569,000 after acquiring an additional 2,602 shares during the period. Ausdal Financial Partners Inc. increased its stake in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 39.1% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 11,914 shares of the company’s stock worth $1,101,000 after purchasing an additional 3,347 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in Goldman Sachs MarketBeta U.S. Equity ETF by 828.1% in the 3rd quarter. Bank of America Corp DE now owns 58,423 shares of the company’s stock worth $5,398,000 after purchasing an additional 52,128 shares during the period.

About Goldman Sachs MarketBeta U.S. Equity ETF

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.