Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Sees Large Volume Increase – Should You Buy?

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) shares saw strong trading volume on Tuesday . 803,991 shares traded hands during mid-day trading, an increase of 126% from the previous session’s volume of 355,554 shares.The stock last traded at $33.97 and had previously closed at $34.21.

Goldman Sachs ActiveBeta International Equity ETF Stock Performance

The stock’s 50 day simple moving average is $35.02 and its 200 day simple moving average is $34.72. The firm has a market cap of $3.62 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 have recently added to or reduced their stakes in GSIE. LPL Financial LLC grew its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 2.8% in the second quarter. LPL Financial LLC now owns 6,875,413 shares of the company’s stock valued at $231,358,000 after acquiring an additional 187,961 shares in the last quarter. SigFig Wealth Management LLC lifted its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 1.4% during the 2nd quarter. SigFig Wealth Management LLC now owns 4,270,583 shares of the company’s stock valued at $143,705,000 after buying an additional 57,650 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 2.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,207,095 shares of the company’s stock worth $107,919,000 after acquiring an additional 63,291 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,775,999 shares of the company’s stock worth $59,762,000 after acquiring an additional 22,234 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in Goldman Sachs ActiveBeta International Equity ETF by 0.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,763,936 shares of the company’s stock worth $59,356,000 after acquiring an additional 13,965 shares during the last quarter.

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.