Goldman Sachs MarketBeta US 1000 Equity ETF (NYSEARCA:GUSA) Sees Unusually-High Trading Volume – Should You Buy?

Goldman Sachs MarketBeta US 1000 Equity ETF (NYSEARCA:GUSA) shares saw unusually-strong trading volume on Friday . Approximately 157 shares changed hands during trading, a decline of 39% from the previous session’s volume of 256 shares.The stock last traded at $51.94 and had previously closed at $51.57.

Goldman Sachs MarketBeta US 1000 Equity ETF Stock Performance

The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 25.43 and a beta of 1.01. The company’s fifty day moving average price is $51.80 and its 200 day moving average price is $49.61.

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

An institutional investor recently bought a new position 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 (SEC). The fund 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.