Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) Hits New 1-Year High – Time to Buy?

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $116.16 and last traded at $116.16, with a volume of 7745 shares. The stock had previously closed at $113.77.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Price Performance

The business has a 50 day moving average price of $112.04 and a 200 day moving average price of $107.88. The firm has a market capitalization of $13.50 billion, a P/E ratio of 22.89 and a beta of 0.98.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

Institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers increased its stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 811.3% during the first quarter. Cetera Investment Advisers now owns 836,239 shares of the company’s stock valued at $86,793,000 after acquiring an additional 744,471 shares during the period. Sanctuary Advisors LLC bought a new position in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF during the second quarter valued at about $62,951,000. Retirement Planning Group LLC increased its stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 14.2% during the second quarter. Retirement Planning Group LLC now owns 1,031,655 shares of the company’s stock valued at $110,336,000 after acquiring an additional 128,519 shares during the period. Kings Path Partners LLC bought a new position in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF during the second quarter valued at about $12,939,000. Finally, SageView Advisory Group LLC increased its stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 739.0% during the first quarter. SageView Advisory Group LLC now owns 101,866 shares of the company’s stock valued at $10,573,000 after acquiring an additional 89,724 shares during the period.

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

The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-cap stocks comprising 4 sub-indexes: value, momentum, quality, and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight.