Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Hits New 52-Week High – Still a Buy?

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $48.49 and last traded at $48.14, with a volume of 30275 shares. The stock had previously closed at $48.11.

Goldman Sachs ActiveBeta International Equity ETF Trading Down 0.2%

The firm has a fifty day moving average of $46.76 and a two-hundred day moving average of $45.65. The company has a market capitalization of $6.12 billion, a PE ratio of 15.44 and a beta of 0.77.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN increased its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 3.5% during the 4th quarter. Wells Fargo & Company MN now owns 22,119,644 shares of the company’s stock valued at $949,818,000 after purchasing an additional 747,167 shares during the last quarter. Annex Advisory Services LLC grew its position in Goldman Sachs ActiveBeta International Equity ETF by 10.9% in the 2nd quarter. Annex Advisory Services LLC now owns 6,186,859 shares of the company’s stock valued at $282,739,000 after acquiring an additional 609,836 shares during the last quarter. Bank of America Corp DE increased its stake in Goldman Sachs ActiveBeta International Equity ETF by 30.3% in the second 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. Morgan Stanley lifted its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 0.6% during the fourth quarter. Morgan Stanley now owns 3,313,212 shares of the company’s stock worth $142,269,000 after purchasing an additional 19,726 shares during the last quarter. Finally, HB Wealth Management LLC boosted its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 1.6% during the second quarter. HB Wealth Management LLC now owns 2,594,781 shares of the company’s stock valued at $118,581,000 after purchasing an additional 40,245 shares during the period.

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.