Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Hits New 12-Month High – Still a Buy?

Shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) reached a new 52-week high on Wednesday . The company traded as high as $77.29 and last traded at $77.9630, with a volume of 21190 shares. The stock had previously closed at $76.60.

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

The firm has a fifty day simple moving average of $74.52 and a 200-day simple moving average of $71.99. The firm has a market cap of $723.35 million, a P/E ratio of 15.78 and a beta of 1.06.

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

A number of institutional investors and hedge funds have recently made changes to their positions in GSSC. Northwestern Mutual Wealth Management Co. boosted its stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 850.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company’s stock valued at $30,000 after purchasing an additional 357 shares during the last quarter. Private Trust Co. NA boosted its position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 49.8% during the second quarter. Private Trust Co. NA now owns 599 shares of the company’s stock valued at $41,000 after buying an additional 199 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the second quarter worth $45,000. Worth Financial Advisory Group LLC purchased a new stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the 3rd quarter valued at $201,000. Finally, Janney Capital Management LLC purchased a new stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the 3rd quarter valued at $212,000.

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.