Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Hits New 1-Year High – Should You Buy?

Shares of Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $46.90 and last traded at $46.89, with a volume of 33698 shares changing hands. The stock had previously closed at $46.21.

Goldman Sachs ActiveBeta International Equity ETF Price Performance

The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 15.44 and a beta of 0.77. The firm has a fifty day moving average of $45.86 and a 200 day moving average of $45.13.

Institutional Trading of Goldman Sachs ActiveBeta International Equity ETF

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 65.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 108,298 shares of the company’s stock valued at $4,295,000 after acquiring an additional 43,009 shares during the last quarter. Quantinno Capital Management LP increased its position in 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 during the last quarter. Raymond James Financial Inc. increased its position in 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 during the last quarter. AQR Capital Management LLC boosted its holdings in Goldman Sachs ActiveBeta International Equity ETF by 1.0% in the 2nd quarter. AQR Capital Management LLC now owns 516,626 shares of the company’s stock valued at $20,489,000 after purchasing an additional 5,264 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Goldman Sachs ActiveBeta International Equity ETF by 30.3% in the 2nd 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 last quarter.

Goldman Sachs ActiveBeta International Equity ETF Company Profile

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.