Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Hits New 1-Year High – Here’s Why

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $46.88 and last traded at $46.87, with a volume of 173775 shares. The stock had previously closed at $46.43.

Goldman Sachs ActiveBeta International Equity ETF Stock Performance

The company has a 50 day moving average of $45.44 and a 200-day moving average of $44.43. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 15.44 and a beta of 0.77.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Several hedge funds have recently bought and sold shares of GSIE. JPMorgan Chase & Co. lifted its stake in Goldman Sachs ActiveBeta International Equity ETF by 65.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 108,298 shares of the company’s stock worth $4,295,000 after acquiring an additional 43,009 shares in the last quarter. Quantinno Capital Management LP increased its holdings in Goldman Sachs ActiveBeta International Equity ETF by 30.7% during the 2nd quarter. Quantinno Capital Management LP now owns 123,189 shares of the company’s stock worth $4,886,000 after purchasing an additional 28,916 shares during the period. Raymond James Financial Inc. increased its holdings in Goldman Sachs ActiveBeta International Equity ETF by 1.3% during the 2nd quarter. Raymond James Financial Inc. now owns 856,839 shares of the company’s stock worth $33,982,000 after purchasing an additional 11,152 shares during the period. AQR Capital Management LLC increased its holdings in Goldman Sachs ActiveBeta International Equity ETF by 1.0% during the 2nd quarter. AQR Capital Management LLC now owns 516,626 shares of the company’s stock worth $20,489,000 after purchasing an additional 5,264 shares during the period. Finally, Bank of America Corp DE increased its holdings in Goldman Sachs ActiveBeta International Equity ETF by 30.3% during the 2nd quarter. Bank of America Corp DE now owns 4,516,794 shares of the company’s stock worth $179,136,000 after purchasing an additional 1,050,477 shares during the period.

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.