Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) Reaches New 1-Year High – Still a Buy?

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC)’s share price reached a new 52-week high on Monday . The stock traded as high as $144.48 and last traded at $144.48, with a volume of 68270 shares traded. The stock had previously closed at $142.80.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Stock Performance

The stock has a market capitalization of $15.21 billion, a P/E ratio of 24.08 and a beta of 0.99. The firm has a 50-day moving average price of $141.85 and a 200 day moving average price of $135.92.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its position in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 11.2% during the 4th quarter. Brighton Jones LLC now owns 4,036 shares of the company’s stock valued at $465,000 after purchasing an additional 406 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 341.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,061 shares of the company’s stock worth $493,000 after buying an additional 3,142 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 145.5% in the 2nd quarter. NewEdge Advisors LLC now owns 66,641 shares of the company’s stock worth $8,089,000 after buying an additional 39,493 shares in the last quarter. Quantinno Capital Management LP raised its position in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 22.0% in the 2nd quarter. Quantinno Capital Management LP now owns 13,498 shares of the company’s stock worth $1,638,000 after buying an additional 2,433 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 0.6% during the 2nd quarter. Raymond James Financial Inc. now owns 1,136,561 shares of the company’s stock valued at $137,956,000 after acquiring an additional 7,293 shares during the period.

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

The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-cap stocks comprising 4 sub-indexes: value, momentum, quality, and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GSLC was launched on Sep 21, 2015 and is managed by Goldman Sachs.