Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Reaches New 1-Year High – Still a Buy?

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $45.46 and last traded at $45.3750, with a volume of 26574 shares traded. The stock had previously closed at $44.99.

Goldman Sachs ActiveBeta International Equity ETF Price Performance

The company has a market cap of $5.31 billion, a PE ratio of 15.44 and a beta of 0.84. The business’s 50 day moving average is $43.29 and its 200-day moving average is $41.73.

Institutional Trading of Goldman Sachs ActiveBeta International Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of GSIE. CWM LLC raised its position in Goldman Sachs ActiveBeta International Equity ETF by 4.8% in the 3rd quarter. CWM LLC now owns 325,944 shares of the company’s stock valued at $13,400,000 after purchasing an additional 15,068 shares during the last quarter. Great Point Wealth Advisors LLC acquired a new position in Goldman Sachs ActiveBeta International Equity ETF in the third quarter valued at $12,143,000. Gilbert Capital Group Inc. purchased a new stake in shares of Goldman Sachs ActiveBeta International Equity ETF in the second quarter valued at about $8,884,000. Asset Advisors Investment Management LLC boosted its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 94.5% during the third quarter. Asset Advisors Investment Management LLC now owns 313,477 shares of the company’s stock worth $12,887,000 after buying an additional 152,270 shares during the period. Finally, Drive Wealth Management LLC grew its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 2.7% during the second quarter. Drive Wealth Management LLC now owns 74,651 shares of the company’s stock worth $2,961,000 after buying an additional 1,973 shares during the last quarter.

About Goldman Sachs ActiveBeta International Equity ETF

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.