Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (NYSEARCA:GVUS) Trading Up 0.2% – Still a Buy?

Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (NYSEARCA:GVUS)’s stock price shot up 0.2% during trading on Tuesday . The stock traded as high as $63.52 and last traded at $63.49. 268 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 7,638 shares. The stock had previously closed at $63.38.

Goldman Sachs MarketBeta Russell 1000 Value Equity ETF Trading Up 0.2%

The business’s 50-day simple moving average is $61.95 and its two-hundred day simple moving average is $58.60. The company has a market capitalization of $425.38 million, a PE ratio of 19.27 and a beta of 0.76.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Goldman Sachs MarketBeta Russell 1000 Value Equity ETF stock. Goldman Sachs Group Inc. grew its position in Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (NYSEARCA:GVUS) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,622,849 shares of the company’s stock after acquiring an additional 31,883 shares during the quarter. Goldman Sachs Group Inc. owned approximately 91.98% of Goldman Sachs MarketBeta Russell 1000 Value Equity ETF worth $358,124,000 as of its most recent filing with the Securities and Exchange Commission.

About Goldman Sachs MarketBeta Russell 1000 Value Equity ETF

The Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) 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 value characteristics based on Russells style methodology. GVUS was launched on Nov 28, 2023 and is issued by Goldman Sachs.