Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Hits New 12-Month High – Still a Buy?

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $44.20 and last traded at $44.1350, with a volume of 94551 shares changing hands. The stock had previously closed at $43.83.

Goldman Sachs ActiveBeta International Equity ETF Price Performance

The company has a fifty day moving average of $42.71 and a 200 day moving average of $41.43. The stock has a market cap of $5.21 billion, a P/E ratio of 15.44 and a beta of 0.84.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Several institutional investors have recently added to or reduced their stakes in the company. Vantagepoint Investment Advisers LLC bought a new stake in Goldman Sachs ActiveBeta International Equity ETF during the third quarter worth about $230,137,000. Bank of America Corp DE raised its position in Goldman Sachs ActiveBeta International Equity ETF by 30.3% in the 2nd quarter. Bank of America Corp DE now owns 4,516,794 shares of the company’s stock valued at $179,136,000 after purchasing an additional 1,050,477 shares during the last quarter. SigFig Wealth Management LLC lifted its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 1.7% during the fourth quarter. SigFig Wealth Management LLC now owns 4,478,415 shares of the company’s stock worth $192,303,000 after purchasing an additional 76,820 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 3.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,307,425 shares of the company’s stock worth $131,172,000 after acquiring an additional 94,786 shares in the last quarter. Finally, Betterment LLC increased its position in Goldman Sachs ActiveBeta International Equity ETF by 1.9% during the third quarter. Betterment LLC now owns 3,253,245 shares of the company’s stock worth $133,741,000 after buying an additional 61,801 shares during the last quarter.

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.