Goldman Sachs MarketBeta US 1000 Equity ETF (NYSEARCA:GUSA) Sees Strong Trading Volume – Time to Buy?

Goldman Sachs MarketBeta US 1000 Equity ETF (NYSEARCA:GUSA) shares saw strong trading volume on Wednesday . 1,556 shares traded hands during trading, an increase of 259% from the previous session’s volume of 433 shares.The stock last traded at $49.98 and had previously closed at $50.51.

Goldman Sachs MarketBeta US 1000 Equity ETF Stock Performance

The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 25.81 and a beta of 1.03. The company has a 50 day moving average of $51.93 and a 200-day moving average of $50.84.

Institutional Inflows and Outflows

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) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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.