Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) Sees Large Volume Increase – Still a Buy?

Shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) saw strong trading volume on Thursday . 906,817 shares changed hands during trading, an increase of 153% from the previous session’s volume of 357,931 shares.The stock last traded at $134.71 and had previously closed at $134.30.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Price Performance

The business’s 50 day moving average price is $129.63 and its 200-day moving average price is $131.04. The company has a market cap of $14.74 billion, a P/E ratio of 24.08 and a beta of 1.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Hixon Zuercher LLC raised its stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 8.8% in the third quarter. Hixon Zuercher LLC now owns 92,543 shares of the company’s stock valued at $12,056,000 after acquiring an additional 7,504 shares during the last quarter. Penney Financial LLC raised its stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 1.9% in the third quarter. Penney Financial LLC now owns 435,895 shares of the company’s stock valued at $56,788,000 after acquiring an additional 8,095 shares during the last quarter. Leo Wealth LLC raised its stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 89.5% in the fourth quarter. Leo Wealth LLC now owns 459,182 shares of the company’s stock valued at $60,807,000 after acquiring an additional 216,826 shares during the last quarter. Synergy Asset Management LLC raised its stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 200.0% in the third quarter. Synergy Asset Management LLC now owns 7,827 shares of the company’s stock valued at $973,000 after acquiring an additional 5,218 shares during the last quarter. Finally, Goldstein Advisors LLC raised its stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 18.0% in the third quarter. Goldstein Advisors LLC now owns 659,356 shares of the company’s stock valued at $85,901,000 after acquiring an additional 100,549 shares during the last quarter.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Company Profile

The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-cap stocks comprising 4 sub-indexes: value, momentum, quality, and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GSLC was launched on Sep 21, 2015 and is managed by Goldman Sachs.