Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Reaches New 1-Year High – Still a Buy?

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $45.46 and last traded at $45.3750, with a volume of 26574 shares traded. The stock had previously closed at $44.99.

Goldman Sachs ActiveBeta International Equity ETF Stock Performance

The business has a 50 day simple moving average of $43.29 and a 200-day simple moving average of $41.73. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 15.44 and a beta of 0.84.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of GSIE. Vantagepoint Investment Advisers LLC purchased a new stake in shares of Goldman Sachs ActiveBeta International Equity ETF during the 3rd quarter valued at approximately $230,137,000. Bank of America Corp DE raised its position in Goldman Sachs ActiveBeta International Equity ETF by 30.3% in the second quarter. Bank of America Corp DE now owns 4,516,794 shares of the company’s stock valued at $179,136,000 after purchasing an additional 1,050,477 shares during the period. SigFig Wealth Management LLC lifted its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 1.7% in the 4th quarter. SigFig Wealth Management LLC now owns 4,478,415 shares of the company’s stock valued at $192,303,000 after purchasing an additional 76,820 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 3.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,307,425 shares of the company’s stock valued at $131,172,000 after purchasing an additional 94,786 shares during the last quarter. Finally, Betterment LLC grew its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 1.9% during the 3rd quarter. Betterment LLC now owns 3,253,245 shares of the company’s stock worth $133,741,000 after purchasing an additional 61,801 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.