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

Shares of Goldman Sachs MarketBeta US 1000 Equity ETF (NYSEARCA:GUSA) saw an uptick in trading volume on Monday . 538 shares were traded during mid-day trading, a decline of 0% from the previous session’s volume of 540 shares.The stock last traded at $48.58 and had previously closed at $47.65.

Goldman Sachs MarketBeta US 1000 Equity ETF Trading Down 1.2 %

The firm’s 50 day moving average price is $51.42 and its two-hundred day moving average price is $50.87. The company has a market capitalization of $1.75 billion, a P/E ratio of 25.81 and a beta of 1.03.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Goldman Sachs MarketBeta US 1000 Equity ETF stock. FMR LLC purchased a new position in shares of Goldman Sachs MarketBeta US 1000 Equity ETF (NYSEARCA:GUSA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,000 shares of the company’s stock, valued at approximately $50,000.

About Goldman Sachs MarketBeta US 1000 Equity ETF

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.