Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Reaches New 1-Year High – Still a Buy?

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) reached a new 52-week high during trading on Friday . The stock traded as high as $48.45 and last traded at $48.45, with a volume of 393 shares trading hands. The stock had previously closed at $47.83.

Goldman Sachs ActiveBeta International Equity ETF Trading Up 0.7%

The stock has a market cap of $6.14 billion, a P/E ratio of 15.44 and a beta of 0.77. The company’s 50 day moving average price is $46.57 and its two-hundred day moving average price is $45.53.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. IFC & Insurance Marketing Inc. purchased a new position in shares of Goldman Sachs ActiveBeta International Equity ETF during the 4th quarter worth $31,000. Glenmede Investment Management LP purchased a new stake in shares of Goldman Sachs ActiveBeta International Equity ETF in the 3rd quarter worth $37,000. Wealth Watch Advisors INC purchased a new stake in shares of Goldman Sachs ActiveBeta International Equity ETF in the 3rd quarter worth $49,000. Evelyn Partners Asset Management Ltd bought a new position in Goldman Sachs ActiveBeta International Equity ETF in the 1st quarter worth $54,000. Finally, Advisortrust Partners LLC bought a new position in Goldman Sachs ActiveBeta International Equity ETF in the 1st quarter worth $57,000.

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. GSIE was launched on Nov 6, 2015 and is managed by Goldman Sachs.