Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Sees Unusually-High Trading Volume – Here’s Why

Shares of Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) saw an uptick in trading volume on Tuesday . 1,700,173 shares changed hands during trading, an increase of 394% from the previous session’s volume of 343,869 shares.The stock last traded at $36.73 and had previously closed at $36.93.

Goldman Sachs ActiveBeta International Equity ETF Stock Performance

The firm has a market cap of $3.83 billion, a P/E ratio of 15.30 and a beta of 0.88. The firm’s fifty day moving average is $35.11 and its 200 day moving average is $34.90.

Institutional Trading of Goldman Sachs ActiveBeta International Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Stifel Financial Corp grew its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 3.9% during the 3rd quarter. Stifel Financial Corp now owns 23,224 shares of the company’s stock worth $840,000 after purchasing an additional 863 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 33.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 89,824 shares of the company’s stock worth $2,995,000 after purchasing an additional 22,533 shares in the last quarter. FMR LLC grew its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 26.8% during the 3rd quarter. FMR LLC now owns 25,004 shares of the company’s stock worth $904,000 after purchasing an additional 5,292 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 83,082 shares of the company’s stock worth $3,005,000 after purchasing an additional 7,306 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 2.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 719,045 shares of the company’s stock worth $23,973,000 after purchasing an additional 20,235 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.