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

Shares of Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) saw strong trading volume on Monday . 509,802 shares changed hands during trading, an increase of 1% from the previous session’s volume of 503,250 shares.The stock last traded at $33.72 and had previously closed at $33.38.

Goldman Sachs ActiveBeta International Equity ETF Stock Performance

The stock has a 50-day moving average price of $34.14 and a 200-day moving average price of $34.61. The stock has a market cap of $3.55 billion, a P/E ratio of 12.99 and a beta of 0.80.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta International Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Insight Wealth Strategies LLC boosted its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 2.3% in the 4th quarter. Insight Wealth Strategies LLC now owns 763,371 shares of the company’s stock worth $25,451,000 after purchasing an additional 17,120 shares in the last quarter. Kings Path Partners LLC boosted its stake in Goldman Sachs ActiveBeta International Equity ETF by 6.9% in the fourth quarter. Kings Path Partners LLC now owns 260,722 shares of the company’s stock worth $8,692,000 after buying an additional 16,940 shares in the last quarter. JPMorgan Chase & Co. grew its position in Goldman Sachs ActiveBeta International Equity ETF by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 83,082 shares of the company’s stock valued at $3,005,000 after acquiring an additional 7,306 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Goldman Sachs ActiveBeta International Equity ETF during the third quarter valued at approximately $147,000. Finally, Sanctuary Advisors LLC raised its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 13.8% during the third quarter. Sanctuary Advisors LLC now owns 536,135 shares of the company’s stock worth $18,288,000 after acquiring an additional 65,106 shares in the last quarter.

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.