Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Reaches New 1-Year High – What’s Next?

Shares of Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $47.71 and last traded at $47.62, with a volume of 337854 shares traded. The stock had previously closed at $47.25.

Goldman Sachs ActiveBeta International Equity ETF Trading Up 0.8%

The company’s 50-day simple moving average is $45.98 and its 200 day simple moving average is $45.22. The stock has a market cap of $6.08 billion, a P/E ratio of 15.44 and a beta of 0.77.

Institutional Trading of Goldman Sachs ActiveBeta International Equity ETF

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in Goldman Sachs ActiveBeta International Equity ETF by 65.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 108,298 shares of the company’s stock valued at $4,295,000 after purchasing an additional 43,009 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 30.7% in the 2nd quarter. Quantinno Capital Management LP now owns 123,189 shares of the company’s stock worth $4,886,000 after buying an additional 28,916 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 1.3% in the 2nd quarter. Raymond James Financial Inc. now owns 856,839 shares of the company’s stock worth $33,982,000 after buying an additional 11,152 shares during the last quarter. AQR Capital Management LLC grew its position in Goldman Sachs ActiveBeta International Equity ETF by 1.0% during the second quarter. AQR Capital Management LLC now owns 516,626 shares of the company’s stock valued at $20,489,000 after buying an additional 5,264 shares during the period. Finally, Bank of America Corp DE grew its position in Goldman Sachs ActiveBeta International Equity ETF by 30.3% during the second quarter. Bank of America Corp DE now owns 4,516,794 shares of the company’s stock valued at $179,136,000 after buying an additional 1,050,477 shares during the period.

Goldman Sachs ActiveBeta International Equity ETF Company Profile

The Goldman Sachs ActiveBeta International Equity ETF (GSIE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of stocks in developed markets outside of the US comprising four sub-indices: value, momentum, quality and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GSIE was launched on Nov 6, 2015 and is managed by Goldman Sachs.