Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Hits New 12-Month High – Should You Buy?

Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) hit a new 52-week high during trading on Monday . The stock traded as high as $42.96 and last traded at $42.9250, with a volume of 11139 shares. The stock had previously closed at $42.62.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Up 1.1%

The company’s fifty day moving average price is $41.75 and its two-hundred day moving average price is $39.95. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 13.33 and a beta of 0.62.

Institutional Trading of Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of GEM. First Foundation Advisors grew its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 9.6% during the third quarter. First Foundation Advisors now owns 362,608 shares of the company’s stock worth $14,769,000 after buying an additional 31,818 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 10.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,786 shares of the company’s stock worth $643,000 after acquiring an additional 1,536 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter worth approximately $2,042,000. Bank of America Corp DE grew its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 11.0% during the 3rd quarter. Bank of America Corp DE now owns 536,369 shares of the company’s stock worth $21,846,000 after acquiring an additional 53,364 shares in the last quarter. Finally, Anchor Investment Management LLC raised its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 6.9% in the third quarter. Anchor Investment Management LLC now owns 124,319 shares of the company’s stock valued at $5,064,000 after purchasing an additional 8,017 shares during the last quarter.

About Goldman Sachs ActiveBeta Emerging Markets Equity ETF

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.