Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $46.66 and traded as high as $47.34. Goldman Sachs ActiveBeta International Equity ETF shares last traded at $47.32, with a volume of 755,945 shares trading hands.

Goldman Sachs ActiveBeta International Equity ETF Stock Performance

The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 15.44 and a beta of 0.78. The company has a fifty day simple moving average of $46.66 and a two-hundred day simple moving average of $45.80.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marino Stram & Associates LLC boosted its stake in Goldman Sachs ActiveBeta International Equity ETF by 3.3% in the first quarter. Marino Stram & Associates LLC now owns 8,287 shares of the company’s stock valued at $357,000 after buying an additional 261 shares in the last quarter. Clearwater Capital Advisors LLC boosted its position in Goldman Sachs ActiveBeta International Equity ETF by 0.4% in the first quarter. Clearwater Capital Advisors LLC now owns 65,014 shares of the company’s stock valued at $2,804,000 after buying an additional 270 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 2.6% during the third quarter. Farther Finance Advisors LLC now owns 13,911 shares of the company’s stock worth $638,000 after buying an additional 353 shares during the last quarter. Brown Lisle Cummings Inc. grew its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 219.3% during the third quarter. Brown Lisle Cummings Inc. now owns 712 shares of the company’s stock worth $33,000 after buying an additional 489 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 43.3% during the first quarter. PNC Financial Services Group Inc. now owns 1,894 shares of the company’s stock worth $82,000 after buying an additional 572 shares in the last quarter.

Goldman Sachs ActiveBeta International Equity ETF Company Profile

The Goldman Sachs ActiveBeta International Equity ETF (GSIE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of stocks in developed markets outside of the US comprising four sub-indices: value, momentum, quality and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GSIE was launched on Nov 6, 2015 and is managed by Goldman Sachs.