Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Reaches New 1-Year High – Time to Buy?

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

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Stock Down 0.4%

The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 15.78 and a beta of 1.05. The firm has a fifty day moving average price of $84.59 and a 200-day moving average price of $80.02.

Institutional Trading of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its holdings in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 129.9% in the 1st quarter. NewEdge Advisors LLC now owns 17,364 shares of the company’s stock valued at $1,294,000 after buying an additional 9,812 shares during the period. Verus Capital Partners LLC lifted its holdings in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 6.5% during the 1st quarter. Verus Capital Partners LLC now owns 176,089 shares of the company’s stock worth $13,127,000 after acquiring an additional 10,811 shares during the period. Western Wealth Management LLC purchased a new position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the 1st quarter worth about $47,000. Royal Bank of Canada boosted its position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 5.5% in the first quarter. Royal Bank of Canada now owns 91,755 shares of the company’s stock worth $6,841,000 after acquiring an additional 4,819 shares during the last quarter. Finally, Keebeck Wealth Management boosted its position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 2.4% in the first quarter. Keebeck Wealth Management now owns 26,765 shares of the company’s stock worth $1,995,000 after acquiring an additional 627 shares during the last quarter.

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.