Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) Shares Cross Above 200-Day Moving Average – What’s Next?

Shares of Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $76.62 and traded as high as $82.82. Goldman Sachs MarketBeta U.S. Equity ETF shares last traded at $82.57, with a volume of 42,756 shares changing hands.

Goldman Sachs MarketBeta U.S. Equity ETF Price Performance

The business has a fifty day moving average of $80.00 and a 200 day moving average of $76.62. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 26.59 and a beta of 1.01.

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

A number of hedge funds have recently modified their holdings of GSUS. CWM LLC acquired a new position in Goldman Sachs MarketBeta U.S. Equity ETF in the second quarter valued at about $84,000. Cetera Investment Advisers boosted its position in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 77.4% during the 1st quarter. Cetera Investment Advisers now owns 591,159 shares of the company’s stock worth $42,433,000 after purchasing an additional 257,894 shares during the period. Envestnet Asset Management Inc. increased its holdings in Goldman Sachs MarketBeta U.S. Equity ETF by 3.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,180,398 shares of the company’s stock valued at $163,007,000 after purchasing an additional 76,841 shares during the last quarter. Cetera Advisors LLC raised its position in Goldman Sachs MarketBeta U.S. Equity ETF by 29.1% in the first quarter. Cetera Advisors LLC now owns 33,120 shares of the company’s stock valued at $2,377,000 after purchasing an additional 7,468 shares during the period. Finally, Ausdal Financial Partners Inc. lifted its stake in Goldman Sachs MarketBeta U.S. Equity ETF by 9.4% during the second quarter. Ausdal Financial Partners Inc. now owns 8,144 shares of the company’s stock worth $609,000 after purchasing an additional 702 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.