Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) Hits New 52-Week High – What’s Next?

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $142.00 and last traded at $141.63, with a volume of 38831 shares trading hands. The stock had previously closed at $140.90.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Trading Up 0.7%

The firm has a market cap of $15.54 billion, a P/E ratio of 24.08 and a beta of 0.99. The stock’s fifty day moving average is $132.64 and its two-hundred day moving average is $132.35.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GSLC. Brighton Jones LLC boosted its holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 11.2% in the 4th quarter. Brighton Jones LLC now owns 4,036 shares of the company’s stock valued at $465,000 after purchasing an additional 406 shares during the period. Russell Investments Group Ltd. increased its position in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 341.9% in the second quarter. Russell Investments Group Ltd. now owns 4,061 shares of the company’s stock worth $493,000 after purchasing an additional 3,142 shares during the last quarter. NewEdge Advisors LLC raised its stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 145.5% in the second quarter. NewEdge Advisors LLC now owns 66,641 shares of the company’s stock valued at $8,089,000 after purchasing an additional 39,493 shares in the last quarter. Quantinno Capital Management LP raised its stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 22.0% in the second quarter. Quantinno Capital Management LP now owns 13,498 shares of the company’s stock valued at $1,638,000 after purchasing an additional 2,433 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 0.6% during the second quarter. Raymond James Financial Inc. now owns 1,136,561 shares of the company’s stock valued at $137,956,000 after purchasing an additional 7,293 shares during the last quarter.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Company Profile

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.