Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Hits New 52-Week High – Still a Buy?

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $43.30 and last traded at $43.15, with a volume of 467081 shares traded. The stock had previously closed at $43.08.

Goldman Sachs ActiveBeta International Equity ETF Stock Up 0.2%

The stock has a market cap of $4.84 billion, a P/E ratio of 15.44 and a beta of 0.84. The company has a 50-day simple moving average of $41.90 and a two-hundred day simple moving average of $40.90.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Large investors have recently added to or reduced their stakes in the company. CWM LLC increased its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 4.8% during the third quarter. CWM LLC now owns 325,944 shares of the company’s stock valued at $13,400,000 after buying an additional 15,068 shares during the period. Gilbert Capital Group Inc. bought a new stake in Goldman Sachs ActiveBeta International Equity ETF during the 2nd quarter valued at approximately $8,884,000. Drive Wealth Management LLC grew its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 2.7% during the 2nd quarter. Drive Wealth Management LLC now owns 74,651 shares of the company’s stock worth $2,961,000 after acquiring an additional 1,973 shares during the period. Hixon Zuercher LLC raised its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 2.4% in the 3rd quarter. Hixon Zuercher LLC now owns 567,922 shares of the company’s stock worth $23,347,000 after acquiring an additional 13,132 shares in the last quarter. Finally, Patton Albertson Miller Group LLC lifted its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 38.4% in the 2nd quarter. Patton Albertson Miller Group LLC now owns 15,299 shares of the company’s stock valued at $607,000 after purchasing an additional 4,245 shares during the period.

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.