Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Share Price Crosses Below 50 Day Moving Average – What’s Next?

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $44.91 and traded as low as $43.24. Goldman Sachs ActiveBeta Emerging Markets Equity ETF shares last traded at $43.84, with a volume of 203,420 shares traded.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

The business has a 50-day simple moving average of $44.91 and a two-hundred day simple moving average of $42.30. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 13.33 and a beta of 0.62.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Hedge funds have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC acquired a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the third quarter valued at $25,000. Bank of Montreal Can bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 2nd quarter worth about $37,000. Root Financial Partners LLC acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter valued at about $42,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 4th quarter valued at about $42,000. Finally, Steward Partners Investment Advisory LLC lifted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 171.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,560 shares of the company’s stock worth $58,000 after acquiring an additional 985 shares during the last quarter.

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.