Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Sets New 1-Year High – Here’s Why

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $87.25 and last traded at $87.12, with a volume of 42948 shares changing hands. The stock had previously closed at $85.16.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Trading Up 2.7%

The business has a 50-day moving average price of $82.43 and a 200 day moving average price of $79.16. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 15.78 and a beta of 1.05.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 129.9% during the 1st quarter. NewEdge Advisors LLC now owns 17,364 shares of the company’s stock valued at $1,294,000 after acquiring an additional 9,812 shares during the last quarter. Verus Capital Partners LLC lifted its holdings in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 6.5% in the first quarter. Verus Capital Partners LLC now owns 176,089 shares of the company’s stock valued at $13,127,000 after purchasing an additional 10,811 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the first quarter valued at $47,000. Royal Bank of Canada lifted its holdings in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 5.5% in the first quarter. Royal Bank of Canada now owns 91,755 shares of the company’s stock valued at $6,841,000 after purchasing an additional 4,819 shares in the last quarter. Finally, Keebeck Wealth Management lifted its holdings in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 2.4% in the first quarter. Keebeck Wealth Management now owns 26,765 shares of the company’s stock valued at $1,995,000 after purchasing an additional 627 shares in the last quarter.

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.