Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Sets New 1-Year High – Here’s Why

Shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $87.25 and last traded at $87.12, with a volume of 42948 shares. The stock had previously closed at $85.16.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Stock Performance

The firm has a market capitalization of $1.01 billion, a P/E ratio of 15.78 and a beta of 1.05. The business has a fifty day moving average of $82.43 and a 200-day moving average of $79.16.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

A number of institutional investors have recently added to or reduced their stakes in GSSC. First American Trust FSB acquired a new stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the third quarter worth approximately $20,872,000. LPL Financial LLC lifted its position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 28.7% in the fourth quarter. LPL Financial LLC now owns 920,707 shares of the company’s stock worth $69,633,000 after purchasing an additional 205,514 shares during the period. Bank of America Corp DE lifted its position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 60.8% in the third quarter. Bank of America Corp DE now owns 509,254 shares of the company’s stock worth $38,138,000 after purchasing an additional 192,578 shares during the period. Verus Capital Partners LLC lifted its position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 523.3% in the third quarter. Verus Capital Partners LLC now owns 155,025 shares of the company’s stock worth $11,610,000 after purchasing an additional 130,155 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 30,607.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 122,524 shares of the company’s stock worth $9,266,000 after purchasing an additional 122,125 shares during the period.

About Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

The Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (GSSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks. The index equally weights four factor-based sub-indices: value, momentum, quality, and low volatility. GSSC was launched on Jun 28, 2017 and is managed by Goldman Sachs.