Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Hits New 1-Year High – Time to Buy?

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) shares hit a new 52-week high on Tuesday . The stock traded as high as $39.44 and last traded at $39.40, with a volume of 327558 shares. The stock had previously closed at $38.92.

Goldman Sachs ActiveBeta International Equity ETF Stock Performance

The firm’s 50 day moving average is $36.53 and its two-hundred day moving average is $35.34. The stock has a market capitalization of $4.02 billion, a PE ratio of 15.67 and a beta of 0.84.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Several large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its stake in Goldman Sachs ActiveBeta International Equity ETF by 2.9% during the 4th quarter. Wells Fargo & Company MN now owns 20,475,937 shares of the company’s stock worth $682,668,000 after buying an additional 568,547 shares during the period. LPL Financial LLC grew its holdings in Goldman Sachs ActiveBeta International Equity ETF by 3.6% during the 4th quarter. LPL Financial LLC now owns 6,888,586 shares of the company’s stock worth $229,665,000 after acquiring an additional 239,963 shares in the last quarter. SigFig Wealth Management LLC grew its holdings in Goldman Sachs ActiveBeta International Equity ETF by 0.5% during the 1st quarter. SigFig Wealth Management LLC now owns 4,550,788 shares of the company’s stock worth $163,737,000 after acquiring an additional 23,002 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Goldman Sachs ActiveBeta International Equity ETF by 10.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,626,083 shares of the company’s stock worth $120,894,000 after acquiring an additional 343,409 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new position in Goldman Sachs ActiveBeta International Equity ETF during the 1st quarter worth approximately $111,361,000.

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.