Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Hits New 1-Year High – Should You Buy?

Shares of Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) reached a new 52-week high during trading on Thursday . The stock traded as high as $46.90 and last traded at $46.89, with a volume of 33698 shares changing hands. The stock had previously closed at $46.21.

Goldman Sachs ActiveBeta International Equity ETF Price Performance

The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 15.44 and a beta of 0.77. The business has a fifty day moving average of $45.86 and a 200 day moving average of $45.13.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Large investors have recently modified their holdings of the business. High Probability Advisors LLC raised its holdings in Goldman Sachs ActiveBeta International Equity ETF by 1.4% in the 4th quarter. High Probability Advisors LLC now owns 970,100 shares of the company’s stock valued at $41,656,000 after buying an additional 13,439 shares during the period. Asset Advisors Investment Management LLC boosted its stake in Goldman Sachs ActiveBeta International Equity ETF by 37.1% during the fourth quarter. Asset Advisors Investment Management LLC now owns 429,780 shares of the company’s stock worth $18,455,000 after buying an additional 116,303 shares during the period. Lebenthal Global Advisors LLC purchased a new position in Goldman Sachs ActiveBeta International Equity ETF during the fourth quarter worth about $20,738,000. American National Bank & Trust increased its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 6.6% during the fourth quarter. American National Bank & Trust now owns 703,394 shares of the company’s stock valued at $30,204,000 after acquiring an additional 43,419 shares during the last quarter. Finally, Vise Technologies Inc. acquired a new stake in shares of Goldman Sachs ActiveBeta International Equity ETF during the fourth quarter valued at about $1,459,000.

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.