Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Hits New 52-Week High – Time to Buy?

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $43.75 and last traded at $43.73, with a volume of 399310 shares trading hands. The stock had previously closed at $43.27.

Goldman Sachs ActiveBeta International Equity ETF Price Performance

The stock has a fifty day moving average price of $42.04 and a two-hundred day moving average price of $41.01. The company has a market cap of $4.96 billion, a P/E ratio of 15.44 and a beta of 0.84.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vantagepoint Investment Advisers LLC acquired a new position in shares of Goldman Sachs ActiveBeta International Equity ETF during the third quarter valued at $230,137,000. Bank of America Corp DE increased its stake in Goldman Sachs ActiveBeta International Equity ETF by 30.3% during the 2nd 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. Jane Street Group LLC increased its stake in Goldman Sachs ActiveBeta International Equity ETF by 290.2% during the 1st quarter. Jane Street Group LLC now owns 840,320 shares of the company’s stock valued at $29,957,000 after buying an additional 624,959 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 3,521.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 574,878 shares of the company’s stock worth $23,633,000 after buying an additional 559,004 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 58.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 1,237,288 shares of the company’s stock worth $50,865,000 after acquiring an additional 456,812 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.