Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Rallied by 24% in 2021

The United States stock market performed well over the past 12 months, leading to the rally of numerous exchange-traded funds (ETFs) in the market.

GSSC Rallies by 24% in 2021

The Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (GSSC) has been around since 2017 and is a smart beta exchange-traded fund designed to provide investors with broad exposure to the Style Box – Small Cap Blend category of the market.

GSSC is sponsored by Goldman Sachs and currently has nearly $500 million in assets under management, making it one of the average-sized ETFs in the Style Box – Small Cap Blend. The fund seeks to match the performance of the Goldman Sachs ActiveBeta U.S. Small Cap Stock Index before fees and expenses.

The index is designed to seek exposure to stock securities of small-capitalization U.S. issuers. Over the past year, GSSC has performed excellently. The fund gained about 24% in 2021 and has traded between $53.65 and $70.38 in this past 52-week period.

GSSC invests heavily in the financial sector. However, it also invests in stocks in the industrial and information technology industries of the United States equity market. For its individual holdings, Eminirus2k (RTYZ1) accounts for about 0.64% of GSSC’s total assets, followed by Crocs Inc (CROX) and Lattice Semiconductor Corp (LSCC).

GSSC Could Perform Well in 2022

The GSSC/USD daily chart shows that the ETF is recovering from a recent slump. The MACD line is still below the neutral zone, while the RSI of 55 indicates that the fund could soon enter the overbought region.

If the momentum achieved in 2021 can be achieved, then GSSC could rally higher over the coming year. The fund could top the $70 mark over the coming trading sessions. GSSC has annual operating expenses of 0.20%, similar to most ETFs in the space. It has a 12-month trailing dividend yield of 1%.