Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Sets New 1-Year High – Should You Buy?

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) shares hit a new 52-week high on Wednesday . The company traded as high as $45.34 and last traded at $45.25, with a volume of 449713 shares. The stock had previously closed at $44.55.

Goldman Sachs ActiveBeta International Equity ETF Price Performance

The stock’s 50 day simple moving average is $42.87 and its two-hundred day simple moving average is $41.53. The firm has a market cap of $5.32 billion, a P/E ratio of 15.44 and a beta of 0.84.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Institutional investors have recently modified their holdings of the stock. Glenmede Investment Management LP bought a new position in shares of Goldman Sachs ActiveBeta International Equity ETF during the third quarter valued at $37,000. Ashton Thomas Securities LLC purchased a new stake in Goldman Sachs ActiveBeta International Equity ETF during the 3rd quarter valued at about $38,000. Independence Bank of Kentucky bought a new stake in Goldman Sachs ActiveBeta International Equity ETF during the 2nd quarter valued at about $40,000. Miller Global Investments LLC purchased a new position in Goldman Sachs ActiveBeta International Equity ETF in the fourth quarter worth about $43,000. Finally, Heartwood Wealth Advisors LLC purchased a new position in Goldman Sachs ActiveBeta International Equity ETF in the third quarter worth about $49,000.

Goldman Sachs ActiveBeta International Equity ETF Company Profile

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.