Goldman Sachs MarketBeta International Equity ETF (BATS:GSID) Reaches New 12-Month High – Should You Buy?

Goldman Sachs MarketBeta International Equity ETF (BATS:GSID)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $73.04 and last traded at $74.63, with a volume of 9680 shares changing hands. The stock had previously closed at $73.8385.

Goldman Sachs MarketBeta International Equity ETF Stock Performance

The stock has a 50-day moving average of $70.53 and a 200-day moving average of $67.80. The firm has a market cap of $998.03 million, a price-to-earnings ratio of 16.38 and a beta of 0.84.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GSID. Vestmark Advisory Solutions Inc. acquired a new stake in Goldman Sachs MarketBeta International Equity ETF in the 3rd quarter valued at $4,241,000. JPMorgan Chase & Co. grew its holdings in shares of Goldman Sachs MarketBeta International Equity ETF by 1.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 60,795 shares of the company’s stock valued at $4,047,000 after acquiring an additional 610 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Goldman Sachs MarketBeta International Equity ETF in the third quarter valued at about $4,008,000. Drive Wealth Management LLC raised its holdings in Goldman Sachs MarketBeta International Equity ETF by 11.3% during the fourth quarter. Drive Wealth Management LLC now owns 48,989 shares of the company’s stock worth $3,396,000 after acquiring an additional 4,960 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in Goldman Sachs MarketBeta International Equity ETF by 593.3% during 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 during the last quarter.

Goldman Sachs MarketBeta International Equity ETF Company Profile

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.