Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Hits New 1-Year High – Here’s Why

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $46.88 and last traded at $46.87, with a volume of 173775 shares changing hands. The stock had previously closed at $46.43.

Goldman Sachs ActiveBeta International Equity ETF Price Performance

The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 15.44 and a beta of 0.77. The stock has a fifty day simple moving average of $45.44 and a 200-day simple moving average of $44.43.

Institutional Trading of Goldman Sachs ActiveBeta International Equity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in GSIE. JPMorgan Chase & Co. increased its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 65.9% during the second quarter. JPMorgan Chase & Co. now owns 108,298 shares of the company’s stock worth $4,295,000 after purchasing an additional 43,009 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 30.7% during the second quarter. Quantinno Capital Management LP now owns 123,189 shares of the company’s stock worth $4,886,000 after purchasing an additional 28,916 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 1.3% during the second quarter. Raymond James Financial Inc. now owns 856,839 shares of the company’s stock worth $33,982,000 after purchasing an additional 11,152 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 1.0% during the second quarter. AQR Capital Management LLC now owns 516,626 shares of the company’s stock worth $20,489,000 after purchasing an additional 5,264 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 30.3% during the second quarter. Bank of America Corp DE now owns 4,516,794 shares of the company’s stock worth $179,136,000 after purchasing an additional 1,050,477 shares in the last quarter.

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.