Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) Reaches New 12-Month High – Still a Buy?

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) hit a new 52-week high on Monday . The stock traded as high as $119.26 and last traded at $119.22, with a volume of 4402 shares traded. The stock had previously closed at $118.17.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Stock Up 0.5 %

The firm’s 50 day simple moving average is $114.40 and its 200 day simple moving average is $109.57. The company has a market cap of $13.80 billion, a price-to-earnings ratio of 22.89 and a beta of 0.98.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. First Horizon Advisors Inc. grew its stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 3.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,374 shares of the company’s stock valued at $268,000 after acquiring an additional 85 shares in the last quarter. Busey Bank boosted its position in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 4.1% in the third quarter. Busey Bank now owns 2,584 shares of the company’s stock valued at $292,000 after acquiring an additional 102 shares during the period. Morris Financial Concepts Inc. grew its position in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 2.2% in the 2nd quarter. Morris Financial Concepts Inc. now owns 5,138 shares of the company’s stock worth $550,000 after purchasing an additional 112 shares during the last quarter. Duncker Streett & Co. Inc. grew its position in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 81.4% during the second quarter. Duncker Streett & Co. Inc. now owns 254 shares of the company’s stock worth $27,000 after buying an additional 114 shares in the last quarter. Finally, Summit Financial LLC increased its position in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 5.5% during the second quarter. Summit Financial LLC now owns 2,307 shares of the company’s stock valued at $247,000 after purchasing an additional 121 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.