Goldman Sachs MarketBeta International Equity ETF (BATS:GSID) Shares Up 8% – Time to Buy?

Goldman Sachs MarketBeta International Equity ETF (BATS:GSID) shares traded up 8% during trading on Tuesday . The stock traded as high as $54.61 and last traded at $58.12. 371 shares traded hands during trading, a decline of 99% from the average session volume of 30,140 shares. The stock had previously closed at $53.83.

Goldman Sachs MarketBeta International Equity ETF Stock Performance

The firm has a market cap of $819.55 million, a price-to-earnings ratio of 16.96 and a beta of 0.88. The firm’s 50 day moving average is $58.41 and its 200-day moving average is $57.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GSID. Drive Wealth Management LLC boosted its holdings in Goldman Sachs MarketBeta International Equity ETF by 1.2% during the fourth quarter. Drive Wealth Management LLC now owns 43,333 shares of the company’s stock valued at $2,346,000 after purchasing an additional 532 shares in the last quarter. Townsquare Capital LLC increased its holdings in shares of Goldman Sachs MarketBeta International Equity ETF by 1.2% in the fourth quarter. Townsquare Capital LLC now owns 43,333 shares of the company’s stock valued at $2,346,000 after purchasing an additional 532 shares in the last quarter. LPL Financial LLC raised its holdings in Goldman Sachs MarketBeta International Equity ETF by 8.6% during the 4th quarter. LPL Financial LLC now owns 40,799 shares of the company’s stock worth $2,209,000 after purchasing an additional 3,218 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Goldman Sachs MarketBeta International Equity ETF by 42.3% in the 4th quarter. Jane Street Group LLC now owns 90,595 shares of the company’s stock valued at $4,904,000 after purchasing an additional 26,931 shares during the period. Finally, Bank of America Corp DE increased its stake in Goldman Sachs MarketBeta International Equity ETF by 920.8% in the fourth quarter. Bank of America Corp DE now owns 32,593 shares of the company’s stock valued at $1,764,000 after purchasing an additional 29,400 shares in the last quarter.

Goldman Sachs MarketBeta International Equity ETF Company Profile

The Goldman Sachs MarketBeta International Equity ETF (GSID) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed markets ex-North American equities, selected and weighted by market capitalization. GSID was launched on May 12, 2020 and is managed by Goldman Sachs.