Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Hits New 1-Year High – Here’s Why

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $44.11 and last traded at $44.1240, with a volume of 102617 shares. The stock had previously closed at $43.92.

Goldman Sachs ActiveBeta International Equity ETF Stock Performance

The stock’s 50-day moving average price is $42.22 and its two-hundred day moving average price is $41.15. The stock has a market capitalization of $5.01 billion, a PE ratio of 15.44 and a beta of 0.84.

Institutional Trading of Goldman Sachs ActiveBeta International Equity ETF

Hedge funds have recently made changes to their positions in the stock. Baker Ellis Asset Management LLC raised its stake in Goldman Sachs ActiveBeta International Equity ETF by 5.6% during the second quarter. Baker Ellis Asset Management LLC now owns 377,804 shares of the company’s stock valued at $14,984,000 after buying an additional 19,933 shares during the last quarter. First National Corp MA ADV boosted its stake in Goldman Sachs ActiveBeta International Equity ETF by 1.9% in the 2nd quarter. First National Corp MA ADV now owns 143,385 shares of the company’s stock worth $5,687,000 after purchasing an additional 2,739 shares in the last quarter. Channel Wealth LLC grew its position in Goldman Sachs ActiveBeta International Equity ETF by 24.9% during the 2nd quarter. Channel Wealth LLC now owns 175,205 shares of the company’s stock valued at $6,949,000 after purchasing an additional 34,883 shares during the last quarter. Sowell Financial Services LLC raised its holdings in Goldman Sachs ActiveBeta International Equity ETF by 109.1% in the second quarter. Sowell Financial Services LLC now owns 16,292 shares of the company’s stock worth $646,000 after buying an additional 8,501 shares during the last quarter. Finally, Gries Financial LLC purchased a new position in Goldman Sachs ActiveBeta International Equity ETF in the second quarter worth about $309,000.

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.