Sierra Capital LLC Boosts Stock Position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW)

Sierra Capital LLC boosted its position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) by 4.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,848 shares of the company’s stock after acquiring an additional 4,559 shares during the quarter. Goldman Sachs Equal Weight U.S. Large Cap Equity ETF accounts for approximately 1.0% of Sierra Capital LLC’s investment portfolio, making the stock its 24th biggest position. Sierra Capital LLC owned 1.16% of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF worth $8,743,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of GSEW. M&R Capital Management Inc. increased its stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 26.4% during the third quarter. M&R Capital Management Inc. now owns 1,054 shares of the company’s stock worth $82,000 after purchasing an additional 220 shares during the period. SPC Financial Inc. increased its stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 2.5% during the second quarter. SPC Financial Inc. now owns 873,940 shares of the company’s stock worth $62,185,000 after purchasing an additional 21,073 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the first quarter worth about $1,633,000. Envestnet Asset Management Inc. increased its stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 2.6% during the second quarter. Envestnet Asset Management Inc. now owns 158,842 shares of the company’s stock worth $11,302,000 after purchasing an additional 4,029 shares during the period. Finally, Abbrea Capital LLC increased its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 17.3% during the second quarter. Abbrea Capital LLC now owns 27,250 shares of the company’s stock worth $1,939,000 after buying an additional 4,025 shares during the period.

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

Shares of GSEW stock traded down $0.63 during trading hours on Tuesday, reaching $78.48. 13,135 shares of the stock were exchanged. The stock has a market cap of $761.26 million, a price-to-earnings ratio of 21.36 and a beta of 0.93. The stock has a 50-day moving average price of $76.09 and a two-hundred day moving average price of $73.02.

About Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

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.