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Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF seeks to provide investment results that closely correspond to the performance of the Fund Index. The Goldman Sachs ActiveBeta U.S. Large Cap Equity Index ( the Index ) is designed to deliver exposure to equity securities of large-capitalization U.S. issuers. The Index seeks to capture common sources of active equity returns, including value (i.e., the security s price compared to market value), momentum (i.e., performance history), quality (i.e., profitability relative to total assets) and volatility (i.e., consistency of returns). The Index is reconstituted and rebalanced quarterly.
Goldman Sachs Activebeta U.S. Large Cap Equity ETF trades on the ARCA stock market under the symbol GSLC.
As of April 25, 2024, GSLC stock price declined to $98.66 with 8,625 million shares trading.
GSLC has a beta of 0.98, meaning it tends to be less sensitive to market movements. GSLC has a correlation of 0.99 to the broad based SPY ETF.
GSLC has a market cap of $11.42 billion. This is considered a Large Cap stock.
In the last 3 years, GSLC stock traded as high as $104.23 and as low as $69.51.
GSLC stock has underperformed the market in the last year with a return of +22.2%, while SPY returned +22.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GSLC shares. However, GSLC has outperformed the market in the last 3 month and 2 week periods, returning +3.3% and -2.9%, while SPY returned +3.0% and -3.0%, respectively. This indicates GSLC has been having a stronger performance recently.
GSLC support price is $99.20 and resistance is $100.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GSLC stock will trade within this expected range on the day.