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

Shares of Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) reached a new 52-week high on Wednesday . The company traded as high as $36.58 and last traded at $36.53, with a volume of 16638 shares changing hands. The stock had previously closed at $35.85.

Goldman Sachs ActiveBeta International Equity ETF Stock Up 1.7 %

The business has a fifty day simple moving average of $34.58 and a two-hundred day simple moving average of $34.84. The company has a market cap of $3.78 billion, a P/E ratio of 16.20 and a beta of 0.89.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Executive Wealth Management LLC bought a new stake in Goldman Sachs ActiveBeta International Equity ETF during the 3rd quarter valued at approximately $36,532,000. Raymond James Financial Inc. bought a new stake in Goldman Sachs ActiveBeta International Equity ETF during the 4th quarter valued at approximately $27,478,000. Straightline Group LLC bought a new stake in Goldman Sachs ActiveBeta International Equity ETF during the 4th quarter valued at approximately $22,728,000. Wells Fargo & Company MN raised its stake in Goldman Sachs ActiveBeta International Equity ETF by 2.9% during the 4th quarter. Wells Fargo & Company MN now owns 20,475,937 shares of the company’s stock valued at $682,668,000 after purchasing an additional 568,547 shares during the period. Finally, Paul R. Ried Financial Group LLC bought a new stake in Goldman Sachs ActiveBeta International Equity ETF during the 4th quarter valued at approximately $14,800,000.

About Goldman Sachs ActiveBeta International Equity ETF

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.