Hanseatic Management Services Inc. Acquires New Holdings in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF $GSEW

Hanseatic Management Services Inc. bought a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 26,470 shares of the company’s stock, valued at approximately $2,241,000. Goldman Sachs Equal Weight U.S. Large Cap Equity ETF accounts for about 2.1% of Hanseatic Management Services Inc.’s investment portfolio, making the stock its 10th largest position. Hanseatic Management Services Inc. owned approximately 0.17% of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Whittier Trust Co. bought a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter valued at $26,000. Parallel Advisors LLC bought a new stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the fourth quarter worth $26,000. Ancora Advisors LLC purchased a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the third quarter valued at $32,000. Allworth Financial LP purchased a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the fourth quarter valued at $37,000. Finally, Bogart Wealth LLC purchased a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the fourth quarter valued at $74,000.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Stock Performance

GSEW stock opened at $94.34 on Friday. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 21.82 and a beta of 1.01. The business’s 50-day moving average is $93.14 and its two-hundred day moving average is $89.61. Goldman Sachs Equal Weight U.S. Large Cap Equity ETF has a fifty-two week low of $80.92 and a fifty-two week high of $95.79.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Company Profile

The Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of US large-cap stocks. GSEW was launched on Sep 12, 2017 and is managed by Goldman Sachs.