Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Hits New 12-Month High – Still a Buy?

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) shares reached a new 52-week high on Tuesday . The company traded as high as $85.82 and last traded at $85.82, with a volume of 1520 shares traded. The stock had previously closed at $84.45.

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

The firm has a market capitalization of $996.13 million, a P/E ratio of 15.78 and a beta of 1.06. The stock’s 50-day simple moving average is $80.08 and its two-hundred day simple moving average is $78.22.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

A number of hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 6.2% in the first quarter. Integrated Wealth Concepts LLC now owns 3,663 shares of the company’s stock worth $232,000 after purchasing an additional 213 shares during the period. NewEdge Advisors LLC boosted its position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 3.2% in the fourth quarter. NewEdge Advisors LLC now owns 7,552 shares of the company’s stock worth $571,000 after purchasing an additional 234 shares during the period. Aire Advisors LLC boosted its position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 4.9% in the first quarter. Aire Advisors LLC now owns 5,246 shares of the company’s stock worth $391,000 after purchasing an additional 246 shares during the period. Syntegra Private Wealth Group LLC boosted its position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 1.8% in the fourth quarter. Syntegra Private Wealth Group LLC now owns 17,411 shares of the company’s stock worth $1,317,000 after purchasing an additional 307 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 850.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company’s stock worth $30,000 after purchasing an additional 357 shares during the period.

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

The Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (GSSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks. The index equally weights four factor-based sub-indices: value, momentum, quality, and low volatility. GSSC was launched on Jun 28, 2017 and is managed by Goldman Sachs.