Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Sees Large Volume Increase – Here’s Why

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) saw unusually-high trading volume on Tuesday . Approximately 803,991 shares changed 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 Trading Up 0.6 %

The firm has a market cap of $3.62 billion, a P/E ratio of 12.99 and a beta of 0.80. The business’s fifty day simple moving average is $35.02 and its 200-day simple moving average is $34.72.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its position 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 during the period. SigFig Wealth Management LLC boosted its holdings in Goldman Sachs ActiveBeta International Equity ETF by 1.4% in the 2nd quarter. SigFig Wealth Management LLC now owns 4,270,583 shares of the company’s stock valued at $143,705,000 after purchasing an additional 57,650 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Goldman Sachs ActiveBeta International Equity ETF by 2.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,207,095 shares of the company’s stock valued at $107,919,000 after purchasing an additional 63,291 shares during the period. Bank of New York Mellon Corp grew its position 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 valued at $59,762,000 after purchasing an additional 22,234 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 0.8% in the second quarter. Commonwealth Equity Services LLC now owns 1,763,936 shares of the company’s stock worth $59,356,000 after purchasing an additional 13,965 shares during the period.

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.