Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Sets New 12-Month High – Still a Buy?

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $73.20 and last traded at $73.20, with a volume of 1305 shares traded. The stock had previously closed at $70.03.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Stock Performance

The stock’s 50 day simple moving average is $68.34 and its 200-day simple moving average is $66.04. The firm has a market cap of $580.87 million, a price-to-earnings ratio of 11.08 and a beta of 1.14.

Institutional Trading of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its holdings in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 12.1% during the first quarter. Private Advisor Group LLC now owns 24,756 shares of the company’s stock worth $1,623,000 after purchasing an additional 2,681 shares during the period. Bell Investment Advisors Inc purchased a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the 1st quarter valued at $3,709,000. Great Lakes Retirement Inc. boosted its holdings in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 0.3% in the 1st quarter. Great Lakes Retirement Inc. now owns 166,530 shares of the company’s stock valued at $10,916,000 after acquiring an additional 579 shares during the last quarter. First Foundation Advisors increased its stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 9.3% in the first quarter. First Foundation Advisors now owns 381,803 shares of the company’s stock worth $25,027,000 after acquiring an additional 32,401 shares during the period. Finally, CreativeOne Wealth LLC raised its holdings in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 3.3% during the first quarter. CreativeOne Wealth LLC now owns 16,449 shares of the company’s stock worth $1,078,000 after purchasing an additional 518 shares during the last quarter.

About Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

The Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (GSSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks. The index equally weights four factor-based sub-indices: value, momentum, quality, and low volatility. GSSC was launched on Jun 28, 2017 and is managed by Goldman Sachs.