Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Hits New 52-Week High – Still a Buy?

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $43.19 and last traded at $43.14, with a volume of 143990 shares. The stock had previously closed at $43.13.

Goldman Sachs ActiveBeta International Equity ETF Trading Up 0.0%

The company’s 50-day moving average price is $41.74 and its two-hundred day moving average price is $40.79. The company has a market cap of $4.84 billion, a P/E ratio of 15.44 and a beta of 0.84.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GSIE. Vantagepoint Investment Advisers LLC bought a new position in shares of Goldman Sachs ActiveBeta International Equity ETF in the third quarter valued at $230,137,000. Bank of America Corp DE raised its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 30.3% during the second quarter. Bank of America Corp DE now owns 4,516,794 shares of the company’s stock worth $179,136,000 after purchasing an additional 1,050,477 shares during the period. Jane Street Group LLC lifted its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 290.2% during the first quarter. Jane Street Group LLC now owns 840,320 shares of the company’s stock valued at $29,957,000 after purchasing an additional 624,959 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 3,521.5% during the third quarter. Thrivent Financial for Lutherans now owns 574,878 shares of the company’s stock valued at $23,633,000 after purchasing an additional 559,004 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 58.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 1,237,288 shares of the company’s stock valued at $50,865,000 after purchasing an additional 456,812 shares during the period.

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.