Goldman Sachs MarketBeta US 1000 Equity ETF (NYSEARCA:GUSA) Sees Strong Trading Volume – Here’s Why

Shares of Goldman Sachs MarketBeta US 1000 Equity ETF (NYSEARCA:GUSA) saw strong trading volume on Monday . 1,590 shares changed hands during mid-day trading, an increase of 298% from the previous session’s volume of 400 shares.The stock last traded at $51.98 and had previously closed at $53.00.

Goldman Sachs MarketBeta US 1000 Equity ETF Price Performance

The company has a 50-day simple moving average of $52.03 and a 200-day simple moving average of $50.62. The firm has a market cap of $1.88 billion, a PE ratio of 25.43 and a beta of 1.01.

Hedge Funds Weigh In On Goldman Sachs MarketBeta US 1000 Equity ETF

A hedge fund recently bought a new stake in Goldman Sachs MarketBeta US 1000 Equity ETF stock. FMR LLC bought a new stake in Goldman Sachs MarketBeta US 1000 Equity ETF (NYSEARCA:GUSA) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,000 shares of the company’s stock, valued at approximately $50,000.

Goldman Sachs MarketBeta US 1000 Equity ETF Company Profile

The Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) is an exchange-traded fund that is based on the Solactive GBS United States 1000 index. The fund tracks an index of 1,000 US large-cap companies selected and weighted by market-cap. GUSA was launched on Apr 5, 2022 and is managed by Goldman Sachs.