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

Shares of Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) saw unusually-strong trading volume on Monday . Approximately 509,802 shares were traded during mid-day 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 Up 0.9 %

The stock has a 50 day moving average price of $34.19 and a 200 day moving average price of $34.61. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 12.99 and a beta of 0.80.

Institutional Trading of Goldman Sachs ActiveBeta International Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GSIE. Concourse Financial Group Securities Inc. lifted its stake in Goldman Sachs ActiveBeta International Equity ETF by 137.1% in the third quarter. Concourse Financial Group Securities Inc. now owns 875 shares of the company’s stock valued at $32,000 after buying an additional 506 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Goldman Sachs ActiveBeta International Equity ETF in the 3rd quarter valued at $33,000. Armstrong Advisory Group Inc. acquired a new position in shares of Goldman Sachs ActiveBeta International Equity ETF during the 3rd quarter valued at $34,000. Brown Brothers Harriman & Co. bought a new position in Goldman Sachs ActiveBeta International Equity ETF during the second quarter worth $45,000. Finally, HM Payson & Co. acquired a new stake in Goldman Sachs ActiveBeta International Equity ETF in the third quarter worth $78,000.

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.