Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) Sees Strong Trading Volume – What’s Next?

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) saw unusually-strong trading volume on Wednesday . Approximately 2,344,711 shares were traded during trading, an increase of 379% from the previous session’s volume of 489,139 shares.The stock last traded at $132.7140 and had previously closed at $131.07.

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

The stock has a market capitalization of $14.98 billion, a price-to-earnings ratio of 24.08 and a beta of 0.99. The business has a 50-day moving average of $132.20 and a 200-day moving average of $129.17.

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

A number of institutional investors have recently modified their holdings of the company. Betterment LLC grew its position in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 4.4% in the 3rd quarter. Betterment LLC now owns 5,847,849 shares of the company’s stock valued at $761,858,000 after acquiring an additional 248,198 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 3.1% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 4,463,502 shares of the company’s stock worth $541,780,000 after acquiring an additional 134,525 shares in the last quarter. Bank of America Corp DE increased its holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 0.5% in the second quarter. Bank of America Corp DE now owns 3,069,380 shares of the company’s stock valued at $372,561,000 after buying an additional 14,917 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 0.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,511,829 shares of the company’s stock valued at $327,241,000 after acquiring an additional 20,804 shares during the last quarter. Finally, RiverFront Investment Group LLC increased its stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 0.9% in the second quarter. RiverFront Investment Group LLC now owns 1,807,277 shares of the company’s stock valued at $219,367,000 after purchasing an additional 16,820 shares during the last quarter.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Company Profile

The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-cap stocks comprising 4 sub-indexes: value, momentum, quality, and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GSLC was launched on Sep 21, 2015 and is managed by Goldman Sachs.