Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE)’s share price passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $46.47 and traded as low as $46.33. Goldman Sachs ActiveBeta International Equity ETF shares last traded at $46.40, with a volume of 200,717 shares trading hands.

Goldman Sachs ActiveBeta International Equity ETF Stock Performance

The business’s 50 day moving average price is $46.47 and its 200-day moving average price is $45.87. The firm has a market capitalization of $6.05 billion, a PE ratio of 16.11 and a beta of 0.78.

Institutional Trading of Goldman Sachs ActiveBeta International Equity ETF

Several institutional investors have recently added to or reduced their stakes in the stock. FCA Corp TX acquired a new position in Goldman Sachs ActiveBeta International Equity ETF during the third quarter worth $12,201,000. Private Advisor Group LLC purchased a new position in shares of Goldman Sachs ActiveBeta International Equity ETF during the third quarter worth $3,953,000. Ieq Capital LLC grew its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 23.6% in the third quarter. Ieq Capital LLC now owns 13,858 shares of the company’s stock valued at $635,000 after buying an additional 2,645 shares in the last quarter. Vawter Financial Ltd. acquired a new stake in shares of Goldman Sachs ActiveBeta International Equity ETF in the third quarter valued at $10,739,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Goldman Sachs ActiveBeta International Equity ETF in the third quarter valued at $29,899,000.

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.