Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Reaches New 52-Week High – Time to Buy?

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $21,474,836.47 and last traded at $74.0940, with a volume of 135 shares. The stock had previously closed at $74.52.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Trading Down 0.2%

The firm has a 50-day moving average of $74.85 and a 200 day moving average of $70.72. The stock has a market capitalization of $675.27 million, a price-to-earnings ratio of 15.78 and a beta of 1.06.

Institutional Trading of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

A number of institutional investors have recently made changes to their positions in GSSC. Envestnet Asset Management Inc. raised its holdings in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 4.4% during the first quarter. Envestnet Asset Management Inc. now owns 268,672 shares of the company’s stock worth $17,042,000 after purchasing an additional 11,259 shares in the last quarter. IFP Advisors Inc lifted its holdings in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 0.7% in the 1st quarter. IFP Advisors Inc now owns 166,794 shares of the company’s stock valued at $10,580,000 after acquiring an additional 1,163 shares during the last quarter. SFE Investment Counsel bought a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the 1st quarter worth $555,000. HB Wealth Management LLC acquired a new position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the 1st quarter valued at $1,344,000. Finally, LPL Financial LLC lifted its stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 5.0% during the first quarter. LPL Financial LLC now owns 616,236 shares of the company’s stock valued at $39,088,000 after buying an additional 29,139 shares in the last quarter.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Company Profile

The Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (GSSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks. The index equally weights four factor-based sub-indices: value, momentum, quality, and low volatility. GSSC was launched on Jun 28, 2017 and is managed by Goldman Sachs.