Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Hits New 12-Month High – Here’s Why

Shares of Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $46.52 and last traded at $46.3770, with a volume of 13735 shares changing hands. The stock had previously closed at $46.38.

Goldman Sachs ActiveBeta International Equity ETF Stock Performance

The company has a market capitalization of $5.42 billion, a PE ratio of 15.44 and a beta of 0.84. The business has a fifty day moving average price of $44.29 and a 200 day moving average price of $42.30.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in GSIE. Allworth Financial LP raised its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 8.6% during the third quarter. Allworth Financial LP now owns 3,096 shares of the company’s stock valued at $127,000 after purchasing an additional 244 shares during the period. Fifth Third Securities Inc. boosted its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 1.7% in the 4th quarter. Fifth Third Securities Inc. now owns 15,459 shares of the company’s stock valued at $664,000 after buying an additional 252 shares during the period. Amplius Wealth Advisors LLC raised its stake in Goldman Sachs ActiveBeta International Equity ETF by 1.0% during the second quarter. Amplius Wealth Advisors LLC now owns 27,849 shares of the company’s stock worth $1,103,000 after acquiring an additional 263 shares during the period. Perennial Investment Advisors LLC lifted its holdings in Goldman Sachs ActiveBeta International Equity ETF by 1.0% in the second quarter. Perennial Investment Advisors LLC now owns 29,566 shares of the company’s stock worth $1,173,000 after acquiring an additional 292 shares during the last quarter. Finally, Prudent Man Advisors LLC boosted its stake in Goldman Sachs ActiveBeta International Equity ETF by 4.1% in the fourth quarter. Prudent Man Advisors LLC now owns 7,563 shares of the company’s stock valued at $325,000 after acquiring an additional 300 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.