Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) Sees Large Volume Increase – Here’s Why

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) saw unusually-strong trading volume on Thursday . Approximately 29,521 shares traded hands during mid-day trading, an increase of 36% from the previous session’s volume of 21,747 shares.The stock last traded at $56.25 and had previously closed at $55.97.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Price Performance

The company has a market capitalization of $603.36 million, a PE ratio of 31.82 and a beta of 1.15. The company has a 50 day moving average of $55.42 and a two-hundred day moving average of $52.56.

Institutional Investors Weigh In On Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

An institutional investor recently raised its position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF stock. Absolute Capital Management LLC raised its stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) by 13.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,000 shares of the company’s stock after acquiring an additional 9,000 shares during the period. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF makes up 2.3% of Absolute Capital Management LLC’s portfolio, making the stock its 12th biggest position. Absolute Capital Management LLC owned approximately 0.71% of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF worth $4,143,000 as of its most recent filing with the Securities and Exchange Commission.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Company Profile

The Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large- and mid-cap stocks selected from the Russell 1000 Index with the highest growth characteristics based on Russells style methodology.