Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Hits New 1-Year High – Here’s Why

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) reached a new 52-week high on Thursday . The stock traded as high as $44.20 and last traded at $44.1350, with a volume of 94551 shares. The stock had previously closed at $43.83.

Goldman Sachs ActiveBeta International Equity ETF Price Performance

The business has a 50 day simple moving average of $42.62 and a 200 day simple moving average of $41.38. The stock has a market cap of $5.19 billion, a PE ratio of 15.44 and a beta of 0.84.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Several institutional investors have recently bought and sold shares of GSIE. Vantagepoint Investment Advisers LLC bought a new position in Goldman Sachs ActiveBeta International Equity ETF in the 3rd quarter worth $230,137,000. Bank of America Corp DE grew its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 30.3% during the second quarter. Bank of America Corp DE now owns 4,516,794 shares of the company’s stock valued at $179,136,000 after purchasing an additional 1,050,477 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Goldman Sachs ActiveBeta International Equity ETF by 3,521.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 574,878 shares of the company’s stock worth $23,633,000 after purchasing an additional 559,004 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 58.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 1,237,288 shares of the company’s stock valued at $50,865,000 after purchasing an additional 456,812 shares during the period. Finally, Great Point Wealth Advisors LLC bought a new position in Goldman Sachs ActiveBeta International Equity ETF during the 3rd quarter worth approximately $12,143,000.

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. GSIE was launched on Nov 6, 2015 and is managed by Goldman Sachs.