Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Sees Strong Trading Volume – Time to Buy?

Shares of Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) saw unusually-high trading volume on Tuesday . Approximately 803,991 shares were traded during mid-day trading, an increase of 126% from the previous session’s volume of 355,554 shares.The stock last traded at $33.97 and had previously closed at $34.21.

Goldman Sachs ActiveBeta International Equity ETF Trading Down 0.8 %

The business’s 50 day moving average is $35.06 and its 200 day moving average is $34.72. The stock has a market capitalization of $3.59 billion, a PE ratio of 12.99 and a beta of 0.80.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in GSIE. Janney Montgomery Scott LLC lifted its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 19.9% during the third quarter. Janney Montgomery Scott LLC now owns 67,291 shares of the company’s stock worth $2,434,000 after purchasing an additional 11,145 shares during the period. Empirical Asset Management LLC purchased a new position in shares of Goldman Sachs ActiveBeta International Equity ETF during the third quarter worth $213,000. Armstrong Advisory Group Inc. acquired a new position in Goldman Sachs ActiveBeta International Equity ETF during the third quarter valued at $34,000. First National Corp MA ADV boosted its holdings in Goldman Sachs ActiveBeta International Equity ETF by 3.9% in the third quarter. First National Corp MA ADV now owns 127,132 shares of the company’s stock valued at $4,598,000 after purchasing an additional 4,816 shares during the last quarter. Finally, NBC Securities Inc. grew its position in Goldman Sachs ActiveBeta International Equity ETF by 139.4% during the 3rd quarter. NBC Securities Inc. now owns 6,939 shares of the company’s stock worth $250,000 after purchasing an additional 4,041 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.