Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Hits New 12-Month High – Here’s Why

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEMGet Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $44.34 and last traded at $44.1890, with a volume of 23850 shares trading hands. The stock had previously closed at $43.58.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

The company has a 50 day simple moving average of $42.08 and a 200-day simple moving average of $40.52. The stock has a market cap of $1.29 billion, a P/E ratio of 13.33 and a beta of 0.62.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Salomon & Ludwin LLC purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter valued at $25,000. Independence Bank of Kentucky purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the second quarter worth about $32,000. Bank of Montreal Can bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 2nd quarter valued at about $37,000. Root Financial Partners LLC purchased a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter valued at about $42,000. Finally, Steward Partners Investment Advisory LLC grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 171.3% during the 2nd 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

(Get Free Report)

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.

Further Reading

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