Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Reaches New 12-Month High – Still a Buy?

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $42.98 and last traded at $42.9440, with a volume of 38402 shares traded. The stock had previously closed at $42.71.

Goldman Sachs ActiveBeta International Equity ETF Stock Performance

The firm’s 50 day moving average price is $41.56 and its two-hundred day moving average price is $40.68. The company has a market cap of $4.82 billion, a P/E ratio of 15.44 and a beta of 0.84.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vantagepoint Investment Advisers LLC bought a new stake in shares of Goldman Sachs ActiveBeta International Equity ETF in the 3rd quarter worth $230,137,000. Bank of America Corp DE boosted its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 30.3% during the second 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 during the last quarter. Jane Street Group LLC increased its holdings in Goldman Sachs ActiveBeta International Equity ETF by 290.2% in the 1st quarter. Jane Street Group LLC now owns 840,320 shares of the company’s stock worth $29,957,000 after buying an additional 624,959 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Goldman Sachs ActiveBeta International Equity ETF by 3,521.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 574,878 shares of the company’s stock worth $23,633,000 after buying an additional 559,004 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in Goldman Sachs ActiveBeta International Equity ETF by 58.5% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 1,237,288 shares of the company’s stock valued at $50,865,000 after acquiring an additional 456,812 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.