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

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) shares reached a new 52-week high during trading on Monday . The company traded as high as $89.51 and last traded at $89.51, with a volume of 952 shares trading hands. The stock had previously closed at $88.96.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Price Performance

The firm has a market cap of $1.02 billion, a PE ratio of 15.78 and a beta of 1.05. The stock has a 50 day simple moving average of $84.17 and a 200-day simple moving average of $79.83.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

A number of hedge funds have recently added to or reduced their stakes in GSSC. Fifth Third Bancorp bought a new position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the 1st quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 850.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company’s stock worth $30,000 after purchasing an additional 357 shares in the last quarter. Optima Capital LLC bought a new position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the fourth quarter worth $35,000. Cornerstone Planning Group LLC purchased a new position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the first quarter valued at about $47,000. Finally, Western Wealth Management LLC bought a new stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the first quarter worth $47,000.

About Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

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.