Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Reaches New 12-Month High – Here’s Why

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $90.97 and last traded at $90.97, with a volume of 7452 shares. The stock had previously closed at $90.75.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Trading Up 0.2%

The firm has a market cap of $1.05 billion, a P/E ratio of 15.78 and a beta of 1.05. The business has a 50-day moving average of $85.39 and a two-hundred day moving average of $80.41.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

Hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp bought a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the 1st quarter valued at about $28,000. Northwestern Mutual Wealth Management Co. lifted its stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 850.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company’s stock valued at $30,000 after buying an additional 357 shares during the period. Optima Capital LLC acquired a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the 4th quarter worth approximately $35,000. Cornerstone Planning Group LLC acquired a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the 1st quarter worth approximately $47,000. Finally, Western Wealth Management LLC bought a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the 1st quarter valued at $47,000.

About Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

The Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (GSSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks. The index equally weights four factor-based sub-indices: value, momentum, quality, and low volatility. GSSC was launched on Jun 28, 2017 and is managed by Goldman Sachs.