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) reached a new 52-week high on Wednesday . The stock traded as high as $116.16 and last traded at $116.16, with a volume of 7745 shares trading hands. The stock had previously closed at $113.77.

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

The company has a fifty day simple moving average of $112.04 and a two-hundred day simple moving average of $107.88. The company 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

Several institutional investors have recently bought and sold shares of GSLC. Cetera Investment Advisers raised its holdings 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 buying an additional 744,471 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF in the second quarter worth about $62,951,000. Retirement Planning Group LLC increased its stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 14.2% in the second quarter. Retirement Planning Group LLC now owns 1,031,655 shares of the company’s stock worth $110,336,000 after purchasing an additional 128,519 shares during the period. Kings Path Partners LLC bought a new position in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF in the second quarter worth about $12,939,000. Finally, SageView Advisory Group LLC increased its stake in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 739.0% in the first quarter. SageView Advisory Group LLC now owns 101,866 shares of the company’s stock worth $10,573,000 after purchasing an additional 89,724 shares during the period.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Company Profile

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.