Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Sets New 12-Month High – Still a Buy?

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE)’s share price hit a new 52-week high on Thursday . The company traded as high as $46.90 and last traded at $46.89, with a volume of 33698 shares changing hands. The stock had previously closed at $46.21.

Goldman Sachs ActiveBeta International Equity ETF Stock Down 0.6%

The company has a market cap of $6.00 billion, a PE ratio of 15.44 and a beta of 0.77. The company’s fifty day moving average is $45.92 and its 200-day moving average is $45.17.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Annex Advisory Services LLC grew its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 10.9% in the second quarter. Annex Advisory Services LLC now owns 6,186,859 shares of the company’s stock worth $282,739,000 after acquiring an additional 609,836 shares during the period. JFS Wealth Advisors LLC bought a new position in Goldman Sachs ActiveBeta International Equity ETF in the second quarter valued at about $64,000. Wealthcare Advisory Partners LLC lifted its holdings in Goldman Sachs ActiveBeta International Equity ETF by 3.2% in the second quarter. Wealthcare Advisory Partners LLC now owns 223,449 shares of the company’s stock valued at $10,212,000 after acquiring an additional 7,016 shares during the period. Financial Management Professionals Inc. boosted its position in Goldman Sachs ActiveBeta International Equity ETF by 3.3% in the second quarter. Financial Management Professionals Inc. now owns 1,412,055 shares of the company’s stock worth $64,531,000 after purchasing an additional 45,033 shares during the last quarter. Finally, World Equity Group Inc. boosted its position in Goldman Sachs ActiveBeta International Equity ETF by 29.5% in the second quarter. World Equity Group Inc. now owns 11,880 shares of the company’s stock worth $543,000 after purchasing an additional 2,708 shares during the last quarter.

Goldman Sachs ActiveBeta International Equity ETF Company Profile

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.