Goldman Sachs MarketBeta International Equity ETF (BATS:GSID) Hits New 12-Month High – Still a Buy?

Goldman Sachs MarketBeta International Equity ETF (BATS:GSID) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $66.5778 and last traded at $69.2550, with a volume of 6319 shares changing hands. The stock had previously closed at $66.2753.

Goldman Sachs MarketBeta International Equity ETF Trading Up 5.0%

The firm’s 50 day simple moving average is $67.73 and its 200-day simple moving average is $65.94. The stock has a market capitalization of $925.61 million, a price-to-earnings ratio of 16.38 and a beta of 0.84.

Institutional Investors Weigh In On Goldman Sachs MarketBeta International Equity ETF

Several hedge funds have recently added to or reduced their stakes in the business. 3Chopt Investment Partners LLC bought a new position in Goldman Sachs MarketBeta International Equity ETF in the 3rd quarter valued at about $54,000. Citadel Advisors LLC acquired a new position in shares of Goldman Sachs MarketBeta International Equity ETF during the 3rd quarter valued at $439,000. Sowell Financial Services LLC acquired a new stake in Goldman Sachs MarketBeta International Equity ETF in the second quarter worth $1,258,000. Jane Street Group LLC increased its stake in Goldman Sachs MarketBeta International Equity ETF by 593.3% in the second quarter. Jane Street Group LLC now owns 40,183 shares of the company’s stock valued at $2,573,000 after purchasing an additional 34,387 shares in the last quarter. Finally, Drive Wealth Management LLC boosted its holdings in Goldman Sachs MarketBeta International Equity ETF by 2.2% in the second quarter. Drive Wealth Management LLC now owns 41,403 shares of the company’s stock worth $2,651,000 after acquiring an additional 896 shares in the last quarter.

About Goldman Sachs MarketBeta International Equity ETF

The Goldman Sachs MarketBeta International Equity ETF (GSID) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed markets ex-North American equities, selected and weighted by market capitalization. GSID was launched on May 12, 2020 and is managed by Goldman Sachs.