Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Hits New 1-Year High – Should You Buy?

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $90.97 and last traded at $90.97, with a volume of 7452 shares traded. The stock had previously closed at $90.75.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Trading Down 0.1%

The company has a 50 day moving average of $85.73 and a 200 day moving average of $80.59. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 15.78 and a beta of 1.04.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GSSC. Integrated Wealth Concepts LLC increased its position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 6.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,663 shares of the company’s stock worth $232,000 after purchasing an additional 213 shares in the last quarter. NewEdge Advisors LLC boosted its position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 3.2% in the fourth quarter. NewEdge Advisors LLC now owns 7,552 shares of the company’s stock valued at $571,000 after buying an additional 234 shares in the last quarter. Aire Advisors LLC boosted its position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 4.9% in the first quarter. Aire Advisors LLC now owns 5,246 shares of the company’s stock valued at $391,000 after buying an additional 246 shares in the last quarter. Syntegra Private Wealth Group LLC grew its stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 1.8% during the fourth quarter. Syntegra Private Wealth Group LLC now owns 17,411 shares of the company’s stock worth $1,317,000 after buying an additional 307 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 850.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company’s stock worth $30,000 after buying an additional 357 shares during the last quarter.

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

The Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (GSSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks. The index equally weights four factor-based sub-indices: value, momentum, quality, and low volatility. GSSC was launched on Jun 28, 2017 and is managed by Goldman Sachs.