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 stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $73.04 and last traded at $72.7950, with a volume of 9680 shares trading hands. The stock had previously closed at $73.8385.

Goldman Sachs MarketBeta International Equity ETF Stock Performance

The business has a 50-day simple moving average of $69.92 and a 200-day simple moving average of $67.47. The company has a market cap of $971.62 million, a price-to-earnings ratio of 16.38 and a beta of 0.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Drive Wealth Management LLC raised its holdings in shares of Goldman Sachs MarketBeta International Equity ETF by 2.2% in the 2nd quarter. Drive Wealth Management LLC now owns 41,403 shares of the company’s stock valued at $2,651,000 after purchasing an additional 896 shares in the last quarter. Jane Street Group LLC increased its holdings 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 buying an additional 34,387 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Goldman Sachs MarketBeta International Equity ETF by 1.0% in the third quarter. JPMorgan Chase & Co. now owns 60,795 shares of the company’s stock valued at $4,047,000 after buying an additional 610 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Goldman Sachs MarketBeta International Equity ETF during the 3rd quarter worth about $4,008,000. Finally, Sowell Financial Services LLC boosted its position in shares of Goldman Sachs MarketBeta International Equity ETF by 16.5% during the 3rd quarter. Sowell Financial Services LLC now owns 22,892 shares of the company’s stock worth $1,524,000 after acquiring an additional 3,244 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.