Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) Hits New 52-Week High – Here’s Why

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $143.09 and last traded at $142.85, with a volume of 29081 shares trading hands. The stock had previously closed at $142.52.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Price Performance

The company has a market cap of $15.70 billion, a price-to-earnings ratio of 24.08 and a beta of 0.99. The firm’s 50 day simple moving average is $133.73 and its 200-day simple moving average is $132.66.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

Large investors have recently bought and sold shares of the stock. Quest 10 Wealth Builders Inc. acquired a new stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF during the fourth quarter worth about $26,000. EPG Wealth Management LLC acquired a new stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF during the fourth quarter worth about $27,000. Tsfg LLC boosted its stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 112.5% during the fourth quarter. Tsfg LLC now owns 204 shares of the company’s stock worth $27,000 after buying an additional 108 shares during the period. Longview Financial Advisors Inc. acquired a new stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF during the first quarter worth about $29,000. Finally, Sunbelt Securities Inc. boosted its stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 163.0% during the third quarter. Sunbelt Securities Inc. now owns 263 shares of the company’s stock worth $34,000 after buying an additional 163 shares during the period.

About Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-cap stocks comprising 4 sub-indexes: value, momentum, quality, and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GSLC was launched on Sep 21, 2015 and is managed by Goldman Sachs.