Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM – Get Free Report) shares saw an uptick in trading volume on Thursday. Approximately 195,710 shares changed hands during mid-day trading, an increase of 46% from the previous session’s volume of 134,385 shares. The stock last traded at $50.5860 and had previously closed at $51.10.
Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Down 0.2%
The firm has a market capitalization of $1.76 billion, a P/E ratio of 13.33 and a beta of 0.71. The company has a 50-day moving average of $50.75 and a 200-day moving average of $49.45.
Institutional Investors Weigh In On Goldman Sachs ActiveBeta Emerging Markets Equity ETF
Several institutional investors and hedge funds have recently made changes to their positions in GEM. Rogco LP bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the second quarter valued at approximately $25,000. Advisortrust Partners LLC acquired a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 1st quarter valued at approximately $42,000. Harbor Asset Planning Inc. raised its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 196.4% during the 1st quarter. Harbor Asset Planning Inc. now owns 993 shares of the company’s stock worth $43,000 after purchasing an additional 658 shares during the last quarter. Global Assets Advisory LLC bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 1st quarter worth approximately $47,000. Finally, Cornerstone Planning Group LLC bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 1st quarter worth approximately $94,000.
Goldman Sachs ActiveBeta Emerging Markets Equity ETF Company Profile
The Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging market 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. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.
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