Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Sees Large Volume Increase – Here’s What Happened

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) shares saw unusually-high trading volume on Tuesday . 148,154 shares were traded during mid-day trading, an increase of 236% from the previous session’s volume of 44,103 shares.The stock last traded at $91.68 and had previously closed at $91.45.

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

The firm’s 50-day simple moving average is $89.32 and its two-hundred day simple moving average is $83.06. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 15.78 and a beta of 1.04.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GSSC. Fifth Third Bancorp acquired a new position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the 1st quarter worth about $28,000. Northwestern Mutual Wealth Management Co. raised its holdings in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 850.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company’s stock valued at $30,000 after acquiring an additional 357 shares during the period. Optima Capital LLC bought a new stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the 4th quarter valued at $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 about $47,000. Finally, Cornerstone Planning Group LLC acquired a new stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the 1st quarter worth about $47,000.

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

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.