Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) saw an uptick in trading volume on Wednesday . 821,534 shares changed hands during trading, an increase of 131% from the previous session’s volume of 355,360 shares.The stock last traded at $34.69 and had previously closed at $34.74.

Goldman Sachs ActiveBeta International Equity ETF Price Performance

The business has a 50-day simple moving average of $35.49 and a two-hundred day simple moving average of $34.61. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 12.99 and a beta of 0.80.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GSIE. Concourse Financial Group Securities Inc. lifted its holdings in Goldman Sachs ActiveBeta International Equity ETF by 137.1% in the third quarter. Concourse Financial Group Securities Inc. now owns 875 shares of the company’s stock valued at $32,000 after buying an additional 506 shares during the period. Armstrong Advisory Group Inc. bought a new stake in Goldman Sachs ActiveBeta International Equity ETF during the third quarter worth $34,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Goldman Sachs ActiveBeta International Equity ETF in the second quarter valued at about $45,000. HM Payson & Co. bought a new position in shares of Goldman Sachs ActiveBeta International Equity ETF during the 3rd quarter worth approximately $78,000. Finally, Beaird Harris Wealth Management LLC purchased a new position in Goldman Sachs ActiveBeta International Equity ETF in the second quarter worth $81,000.

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.