Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Reaches New 1-Year High – What’s Next?

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) shares reached a new 52-week high on Wednesday . The stock traded as high as $47.71 and last traded at $47.62, with a volume of 337854 shares changing hands. The stock had previously closed at $47.25.

Goldman Sachs ActiveBeta International Equity ETF Price Performance

The firm’s fifty day moving average price is $45.98 and its two-hundred day moving average price is $45.22. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 15.44 and a beta of 0.77.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GSIE. Fifth Third Securities Inc. raised its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 1.7% during the fourth quarter. Fifth Third Securities Inc. now owns 15,459 shares of the company’s stock worth $664,000 after purchasing an additional 252 shares during the period. Root Financial Partners LLC grew its position in Goldman Sachs ActiveBeta International Equity ETF by 5.7% in the 1st quarter. Root Financial Partners LLC now owns 4,835 shares of the company’s stock valued at $209,000 after purchasing an additional 259 shares during the period. Marino Stram & Associates LLC increased its stake in Goldman Sachs ActiveBeta International Equity ETF by 3.3% during the 1st quarter. Marino Stram & Associates LLC now owns 8,287 shares of the company’s stock valued at $357,000 after purchasing an additional 261 shares in the last quarter. Clearwater Capital Advisors LLC increased its stake in Goldman Sachs ActiveBeta International Equity ETF by 0.4% during the 1st quarter. Clearwater Capital Advisors LLC now owns 65,014 shares of the company’s stock valued at $2,804,000 after purchasing an additional 270 shares in the last quarter. Finally, Prudent Man Advisors LLC raised its holdings in Goldman Sachs ActiveBeta International Equity ETF by 4.1% during the fourth quarter. Prudent Man Advisors LLC now owns 7,563 shares of the company’s stock worth $325,000 after buying an additional 300 shares during the last quarter.

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.