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-strong trading volume on Wednesday . Approximately 821,534 shares changed hands during trading, an increase of 131% from the previous session’s volume of 355,360 shares.The stock last traded at $34.69 and had previously closed at $34.74.

Goldman Sachs ActiveBeta International Equity ETF Stock Performance

The company’s 50 day simple moving average is $35.52 and its two-hundred day simple moving average is $34.61. The stock has a market cap of $3.67 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 have recently bought and sold shares of the company. Cetera Investment Advisers grew its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 281.2% in the 1st quarter. Cetera Investment Advisers now owns 1,242,918 shares of the company’s stock valued at $42,620,000 after buying an additional 916,847 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Goldman Sachs ActiveBeta International Equity ETF during the 2nd quarter worth $15,784,000. International Assets Investment Management LLC raised its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 428,636.7% during the 3rd quarter. International Assets Investment Management LLC now owns 338,702 shares of the company’s stock valued at $122,510,000 after purchasing an additional 338,623 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 71.8% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 740,184 shares of the company’s stock valued at $24,907,000 after purchasing an additional 309,341 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in Goldman Sachs ActiveBeta International Equity ETF in the second quarter worth $8,404,000.

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.