Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) Sets New 52-Week High – Time to Buy?

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) reached a new 52-week high during trading on Friday . The company traded as high as $142.00 and last traded at $141.63, with a volume of 38831 shares. The stock had previously closed at $140.90.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Stock Performance

The company has a market capitalization of $15.52 billion, a P/E ratio of 24.08 and a beta of 0.99. The stock has a 50 day moving average price of $132.87 and a 200 day moving average price of $132.42.

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

A number of hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN raised its stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 0.6% during the 4th quarter. Wells Fargo & Company MN now owns 28,018,723 shares of the company’s stock worth $3,708,838,000 after purchasing an additional 172,810 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 4.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,077,759 shares of the company’s stock worth $936,883,000 after purchasing an additional 277,601 shares during the period. Betterment LLC increased its holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 2.7% in the 4th quarter. Betterment LLC now owns 6,005,716 shares of the company’s stock worth $794,977,000 after acquiring an additional 157,867 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 20.3% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 5,324,452 shares of the company’s stock worth $704,798,000 after acquiring an additional 899,397 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 3.1% in the 4th quarter. LPL Financial LLC now owns 3,163,844 shares of the company’s stock worth $418,798,000 after acquiring an additional 95,530 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.