Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Hits New 52-Week High – Time to Buy?

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $21,474,836.47 and last traded at $74.0940, with a volume of 135 shares. The stock had previously closed at $74.52.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Trading Down 0.7%

The firm has a market cap of $688.27 million, a P/E ratio of 15.78 and a beta of 1.06. The stock’s fifty day moving average is $74.94 and its two-hundred day moving average is $70.63.

Institutional Trading of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

Large investors have recently added to or reduced their stakes in the company. HB Wealth Management LLC purchased a new stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the first quarter valued at $1,344,000. Envestnet Asset Management Inc. lifted its position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 4.4% during the first quarter. Envestnet Asset Management Inc. now owns 268,672 shares of the company’s stock worth $17,042,000 after purchasing an additional 11,259 shares in the last quarter. Private Trust Co. NA boosted its position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 49.8% in the 2nd quarter. Private Trust Co. NA now owns 599 shares of the company’s stock valued at $41,000 after buying an additional 199 shares during the period. Linscomb Wealth Inc. grew its stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 11.4% in the first quarter. Linscomb Wealth Inc. now owns 46,027 shares of the company’s stock worth $2,919,000 after acquiring an additional 4,726 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 4.1% during the 2nd quarter. IFP Advisors Inc now owns 173,626 shares of the company’s stock worth $11,913,000 after purchasing an additional 6,832 shares in the last quarter.

About Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

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.