Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Reaches New 52-Week High – Should You Buy?

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $48.32 and last traded at $48.32, with a volume of 46693 shares. The stock had previously closed at $48.15.

Goldman Sachs ActiveBeta International Equity ETF Stock Up 0.1%

The stock has a 50-day simple moving average of $46.35 and a 200-day simple moving average of $45.44. The firm has a market capitalization of $6.16 billion, a PE ratio of 15.44 and a beta of 0.77.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Goldman Sachs ActiveBeta International Equity ETF by 65.9% during the second quarter. JPMorgan Chase & Co. now owns 108,298 shares of the company’s stock valued at $4,295,000 after purchasing an additional 43,009 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 30.7% in the second quarter. Quantinno Capital Management LP now owns 123,189 shares of the company’s stock valued at $4,886,000 after purchasing an additional 28,916 shares during the period. Raymond James Financial Inc. raised its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 1.3% in the second quarter. Raymond James Financial Inc. now owns 856,839 shares of the company’s stock valued at $33,982,000 after purchasing an additional 11,152 shares during the period. AQR Capital Management LLC raised its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 1.0% in the second quarter. AQR Capital Management LLC now owns 516,626 shares of the company’s stock valued at $20,489,000 after purchasing an additional 5,264 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of 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 valued at $179,136,000 after buying an additional 1,050,477 shares in the last quarter.

Goldman Sachs ActiveBeta International Equity ETF Company Profile

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.