Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Reaches New 52-Week High – Still a Buy?

Shares of Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $44.11 and last traded at $44.1240, with a volume of 102617 shares. The stock had previously closed at $43.92.

Goldman Sachs ActiveBeta International Equity ETF Price Performance

The stock’s fifty day moving average is $42.33 and its 200-day moving average is $41.21. The stock has a market cap of $5.00 billion, a PE ratio of 15.44 and a beta of 0.84.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Large investors have recently bought and sold shares of the business. CWM LLC raised its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 4.8% during the third quarter. CWM LLC now owns 325,944 shares of the company’s stock worth $13,400,000 after purchasing an additional 15,068 shares during the period. Gilbert Capital Group Inc. acquired a new position in Goldman Sachs ActiveBeta International Equity ETF during the 2nd quarter worth $8,884,000. Asset Advisors Investment Management LLC boosted its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 94.5% in the third quarter. Asset Advisors Investment Management LLC now owns 313,477 shares of the company’s stock valued at $12,887,000 after acquiring an additional 152,270 shares during the period. Hixon Zuercher LLC raised its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 2.4% during the third quarter. Hixon Zuercher LLC now owns 567,922 shares of the company’s stock valued at $23,347,000 after buying an additional 13,132 shares during the last quarter. Finally, Drive Wealth Management LLC increased its holdings in Goldman Sachs ActiveBeta International Equity ETF by 2.7% in the 2nd quarter. Drive Wealth Management LLC now owns 74,651 shares of the company’s stock valued at $2,961,000 after buying an additional 1,973 shares during the period.

About Goldman Sachs ActiveBeta International Equity ETF

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.