Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) Sees Unusually-High Trading Volume – Should You Buy?

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) saw unusually-high trading volume on Wednesday . Approximately 2,344,711 shares were traded during mid-day trading, an increase of 379% from the previous session’s volume of 489,139 shares.The stock last traded at $132.7140 and had previously closed at $131.07.

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

The company has a 50-day moving average of $132.33 and a two-hundred day moving average of $129.29. The stock has a market capitalization of $15.08 billion, a PE ratio of 24.08 and a beta of 0.99.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Betterment LLC grew its holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 5.5% in the second quarter. Betterment LLC now owns 5,599,651 shares of the company’s stock valued at $679,686,000 after purchasing an additional 293,773 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 1,113.8% in the 2nd quarter. AQR Capital Management LLC now owns 250,514 shares of the company’s stock valued at $30,407,000 after purchasing an additional 229,875 shares during the last quarter. Leo Wealth LLC grew its stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 89.5% during the 4th quarter. Leo Wealth LLC now owns 459,182 shares of the company’s stock valued at $60,807,000 after buying an additional 216,826 shares during the period. AlphaCore Capital LLC grew its stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 15,747.7% during the 2nd quarter. AlphaCore Capital LLC now owns 140,252 shares of the company’s stock valued at $17,024,000 after buying an additional 139,367 shares during the period. Finally, Signature Estate & Investment Advisors LLC increased its holdings in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 3.1% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 4,463,502 shares of the company’s stock worth $541,780,000 after buying an additional 134,525 shares during the last quarter.

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.