Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) Sees Large Volume Increase – Still a Buy?

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) saw unusually-high trading volume on Thursday . Approximately 992,458 shares changed hands during mid-day trading, an increase of 192% from the previous session’s volume of 339,454 shares.The stock last traded at $126.36 and had previously closed at $126.95.

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

The firm has a market cap of $13.87 billion, a PE ratio of 24.08 and a beta of 0.99. The firm’s 50-day moving average price is $131.80 and its two-hundred day moving average price is $131.19.

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

A number of institutional investors and hedge funds have recently bought and sold shares of GSLC. Brighton Jones LLC increased its position in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 11.2% during the fourth quarter. Brighton Jones LLC now owns 4,036 shares of the company’s stock worth $465,000 after purchasing an additional 406 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 0.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,778 shares of the company’s stock worth $1,187,000 after buying an additional 85 shares during the last quarter. Avantax Advisory Services Inc. increased its position in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 97.4% during the second quarter. Avantax Advisory Services Inc. now owns 16,103 shares of the company’s stock worth $1,955,000 after buying an additional 7,946 shares during the period. Rockefeller Capital Management L.P. lifted its stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 27.5% in the second quarter. Rockefeller Capital Management L.P. now owns 61,637 shares of the company’s stock valued at $7,482,000 after buying an additional 13,302 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 3.0% in the second quarter. JPMorgan Chase & Co. now owns 350,073 shares of the company’s stock valued at $42,492,000 after buying an additional 10,216 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.