Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) Sets New 12-Month High – Should You Buy?

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) reached a new 52-week high on Tuesday . The stock traded as high as $138.30 and last traded at $138.29, with a volume of 365274 shares trading hands. The stock had previously closed at $137.04.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Stock Up 0.8%

The company has a market capitalization of $15.13 billion, a P/E ratio of 24.08 and a beta of 0.99. The company has a 50-day moving average of $130.50 and a two-hundred day moving average of $131.52.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

Hedge funds have recently made changes to their positions in the company. Leo Wealth LLC boosted its position in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 89.5% during the fourth quarter. Leo Wealth LLC now owns 459,182 shares of the company’s stock valued at $60,807,000 after purchasing an additional 216,826 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc raised its stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 116.9% during the third quarter. Texas Capital Bank Wealth Management Services Inc now owns 9,156 shares of the company’s stock valued at $1,193,000 after buying an additional 4,935 shares during the last quarter. Diversify Advisory Services LLC purchased a new position in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF during the fourth quarter valued at $1,661,000. Genesis Private Wealth LLC purchased a new position in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF during the fourth quarter valued at $4,239,000. Finally, Axxcess Wealth Management LLC raised its stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 4.8% during the third quarter. Axxcess Wealth Management LLC now owns 266,949 shares of the company’s stock valued at $34,778,000 after buying an additional 12,203 shares during the last quarter.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Company Profile

The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-cap stocks comprising 4 sub-indexes: value, momentum, quality, and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GSLC was launched on Sep 21, 2015 and is managed by Goldman Sachs.