Goldman Sachs MarketBeta International Equity ETF (BATS:GSID) Sets New 1-Year High – Still a Buy?

Goldman Sachs MarketBeta International Equity ETF (BATS:GSID)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $66.5778 and last traded at $69.5490, with a volume of 6319 shares changing hands. The stock had previously closed at $66.2753.

Goldman Sachs MarketBeta International Equity ETF Trading Up 4.9%

The company’s 50-day simple moving average is $67.88 and its 200 day simple moving average is $66.07. The stock has a market cap of $924.82 million, a P/E ratio of 16.38 and a beta of 0.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its stake in shares of Goldman Sachs MarketBeta International Equity ETF by 2.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,114,220 shares of the company’s stock worth $763,060,000 after purchasing an additional 333,647 shares during the last quarter. Sowell Financial Services LLC purchased a new position in Goldman Sachs MarketBeta International Equity ETF in the 2nd quarter valued at approximately $1,258,000. Drive Wealth Management LLC raised its holdings in Goldman Sachs MarketBeta International Equity ETF by 2.2% during the 2nd quarter. Drive Wealth Management LLC now owns 41,403 shares of the company’s stock valued at $2,651,000 after acquiring an additional 896 shares during the period. Jane Street Group LLC lifted its position in shares of Goldman Sachs MarketBeta International Equity ETF by 593.3% during the second quarter. Jane Street Group LLC now owns 40,183 shares of the company’s stock worth $2,573,000 after acquiring an additional 34,387 shares in the last quarter. Finally, 3Chopt Investment Partners LLC purchased a new stake in Goldman Sachs MarketBeta International Equity ETF during the 3rd quarter worth about $54,000.

About Goldman Sachs MarketBeta International Equity ETF

The Goldman Sachs MarketBeta International Equity ETF (GSID) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed markets ex-North American equities, selected and weighted by market capitalization. GSID was launched on May 12, 2020 and is managed by Goldman Sachs.