Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Sees Unusually-High Trading Volume – Time to Buy?

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) shares saw unusually-high trading volume on Tuesday . Approximately 148,154 shares were traded during trading, an increase of 236% from the previous session’s volume of 44,103 shares.The stock last traded at $91.68 and had previously closed at $91.45.

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

The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 15.78 and a beta of 1.04. The business’s 50-day simple moving average is $89.32 and its two-hundred day simple moving average is $83.06.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp bought a new position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the first quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 850.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company’s stock valued at $30,000 after acquiring an additional 357 shares during the last quarter. Optima Capital LLC bought a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the 4th quarter worth $35,000. Cornerstone Planning Group LLC purchased a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the 1st quarter worth approximately $47,000. Finally, Western Wealth Management LLC bought a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the first quarter valued at $47,000.

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

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.