Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Hits New 12-Month High – Still a Buy?

Shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $73.20 and last traded at $73.20, with a volume of 1305 shares trading hands. The stock had previously closed at $70.03.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Stock Up 0.8 %

The firm’s 50-day moving average is $68.57 and its 200-day moving average is $66.15. The company has a market cap of $582.89 million, a PE ratio of 11.08 and a beta of 1.14.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

A number of institutional investors have recently made changes to their positions in the company. Morris Financial Concepts Inc. boosted its stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 33.0% during the 2nd quarter. Morris Financial Concepts Inc. now owns 3,119 shares of the company’s stock worth $198,000 after acquiring an additional 774 shares during the last quarter. Private Wealth Partners LLC purchased a new stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the 3rd quarter valued at about $212,000. Edge Financial Advisors LLC bought a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the 3rd quarter valued at about $377,000. Tyler Stone Wealth Management bought a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the 3rd quarter valued at about $430,000. Finally, Maia Wealth LLC bought a new position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the 2nd quarter worth approximately $459,000.

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

The Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (GSSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks. The index equally weights four factor-based sub-indices: value, momentum, quality, and low volatility. GSSC was launched on Jun 28, 2017 and is managed by Goldman Sachs.