Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Sees Unusually-High Trading Volume – Still a Buy?

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) shares saw strong trading volume on Tuesday . 1,700,173 shares traded hands during trading, an increase of 394% from the previous session’s volume of 343,869 shares.The stock last traded at $36.73 and had previously closed at $36.93.

Goldman Sachs ActiveBeta International Equity ETF Price Performance

The stock’s fifty day simple moving average is $35.25 and its two-hundred day simple moving average is $34.92. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 15.30 and a beta of 0.88.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Institutional investors have recently modified their holdings of the company. 10Elms LLP bought a new position in Goldman Sachs ActiveBeta International Equity ETF in the 4th quarter valued at about $26,000. CIBC Private Wealth Group LLC bought a new position in Goldman Sachs ActiveBeta International Equity ETF in the 4th quarter valued at about $31,000. Sugar Maple Asset Management LLC bought a new position in Goldman Sachs ActiveBeta International Equity ETF in the 4th quarter valued at about $32,000. Family CFO Inc bought a new position in Goldman Sachs ActiveBeta International Equity ETF in the 4th quarter valued at about $50,000. Finally, M Holdings Securities Inc. bought a new position in Goldman Sachs ActiveBeta International Equity ETF in the 4th quarter valued at about $51,000.

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.