Goldman Sachs MarketBeta International Equity ETF (BATS:GSID) Stock Price Breaks Above 200 Day Moving Average – What’s Next?

Goldman Sachs MarketBeta International Equity ETF (BATS:GSID)’s stock price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $74.68 and traded as high as $75.61. Goldman Sachs MarketBeta International Equity ETF shares last traded at $75.39, with a volume of 13,396 shares changing hands.

Goldman Sachs MarketBeta International Equity ETF Stock Performance

The firm has a market capitalization of $1.00 billion, a PE ratio of 16.38 and a beta of 0.84. The stock has a fifty day moving average price of $75.40 and a 200-day moving average price of $74.72.

Hedge Funds Weigh In On Goldman Sachs MarketBeta International Equity ETF

A number of large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in Goldman Sachs MarketBeta International Equity ETF by 6.3% in the second quarter. Envestnet Asset Management Inc. now owns 550,097 shares of the company’s stock valued at $41,334,000 after acquiring an additional 32,714 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Goldman Sachs MarketBeta International Equity ETF by 8.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 137,972 shares of the company’s stock worth $10,367,000 after purchasing an additional 10,545 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Goldman Sachs MarketBeta International Equity ETF during the 3rd quarter valued at $9,174,000. Cetera Investment Advisers purchased a new stake in shares of Goldman Sachs MarketBeta International Equity ETF during the 1st quarter valued at $7,430,000. Finally, Keebeck Wealth Management purchased a new stake in shares of Goldman Sachs MarketBeta International Equity ETF during the 1st quarter valued at $3,232,000.

About Goldman Sachs MarketBeta International Equity ETF

The Goldman Sachs MarketBeta International Equity ETF (GSID) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed markets ex-North American equities, selected and weighted by market capitalization. GSID was launched on May 12, 2020 and is managed by Goldman Sachs.