Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Reaches New 1-Year High – Here’s Why

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $92.19 and last traded at $92.12, with a volume of 11264 shares. The stock had previously closed at $90.85.

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

The firm has a fifty day simple moving average of $89.00 and a two-hundred day simple moving average of $82.81. The firm has a market capitalization of $1.07 billion, a P/E ratio of 15.78 and a beta of 1.04.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp purchased a new stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the 1st quarter worth about $28,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 850.0% in the third 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 stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the fourth quarter valued at approximately $35,000. Western Wealth Management LLC bought a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the first quarter valued at approximately $47,000. Finally, Cornerstone Planning Group LLC purchased a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the 1st quarter valued at approximately $47,000.

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.