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) hit a new 52-week high on Tuesday . The stock traded as high as $41.90 and last traded at $41.8710, with a volume of 33175 shares traded. The stock had previously closed at $41.69.

Goldman Sachs ActiveBeta International Equity ETF Price Performance

The stock has a market cap of $4.71 billion, a P/E ratio of 15.44 and a beta of 0.84. The business’s fifty day moving average price is $41.26 and its 200 day moving average price is $40.06.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Several large investors have recently modified their holdings of GSIE. Drive Wealth Management LLC grew its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 2.7% during the 2nd quarter. Drive Wealth Management LLC now owns 74,651 shares of the company’s stock worth $2,961,000 after buying an additional 1,973 shares during the period. Patton Albertson Miller Group LLC grew its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 38.4% in the 2nd quarter. Patton Albertson Miller Group LLC now owns 15,299 shares of the company’s stock worth $607,000 after acquiring an additional 4,245 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Goldman Sachs ActiveBeta International Equity ETF in the 2nd quarter valued at about $68,000. Brown Advisory Inc. purchased a new stake in shares of Goldman Sachs ActiveBeta International Equity ETF during the 1st quarter valued at $462,000. Finally, Wealthcare Advisory Partners LLC raised its position in Goldman Sachs ActiveBeta International Equity ETF by 1.9% in the second quarter. Wealthcare Advisory Partners LLC now owns 217,451 shares of the company’s stock worth $8,624,000 after acquiring an additional 4,138 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.