Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Sets New 1-Year High – Should You Buy?

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $48.32 and last traded at $48.32, with a volume of 46693 shares trading hands. The stock had previously closed at $48.15.

Goldman Sachs ActiveBeta International Equity ETF Stock Up 0.1%

The firm has a 50-day moving average of $46.24 and a 200 day moving average of $45.40. The stock has a market capitalization of $6.15 billion, a P/E ratio of 15.44 and a beta of 0.77.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFC & Insurance Marketing Inc. acquired a new stake in Goldman Sachs ActiveBeta International Equity ETF in the 4th quarter valued at $31,000. Glenmede Investment Management LP acquired a new position in Goldman Sachs ActiveBeta International Equity ETF during the third quarter worth $37,000. Wealth Watch Advisors INC bought a new position in shares of Goldman Sachs ActiveBeta International Equity ETF during the third quarter valued at $49,000. Evelyn Partners Asset Management Ltd acquired a new stake in shares of Goldman Sachs ActiveBeta International Equity ETF in the 1st quarter valued at $54,000. Finally, Advisortrust Partners LLC acquired a new stake in shares of Goldman Sachs ActiveBeta International Equity ETF in the 1st quarter valued at $57,000.

Goldman Sachs ActiveBeta International Equity ETF Company Profile

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.