Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Sees Large Volume Increase – Still a Buy?

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) shares saw strong trading volume on Tuesday . 960,160 shares changed hands during trading, an increase of 60% from the previous session’s volume of 598,934 shares.The stock last traded at $44.54 and had previously closed at $44.01.

Goldman Sachs ActiveBeta International Equity ETF Price Performance

The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 15.44 and a beta of 0.84. The stock’s 50-day moving average is $44.85 and its 200-day moving average is $42.67.

Institutional Trading of Goldman Sachs ActiveBeta International Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP increased its position in 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 worth $127,000 after purchasing an additional 244 shares during the last quarter. Fifth Third Securities Inc. grew its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 1.7% during 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. Perennial Investment Advisors LLC grew its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 1.0% during the 2nd quarter. Perennial Investment Advisors LLC now owns 29,566 shares of the company’s stock valued at $1,173,000 after buying an additional 292 shares during the period. Prudent Man Advisors LLC increased its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 4.1% during the 4th 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. Finally, Waterloo Capital L.P. raised its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 2.4% in the 2nd quarter. Waterloo Capital L.P. now owns 12,954 shares of the company’s stock worth $514,000 after buying an additional 306 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.