Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $45.05 and last traded at $44.88, with a volume of 83016 shares changing hands. The stock had previously closed at $44.88.
Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance
The firm has a market capitalization of $1.31 billion, a PE ratio of 13.33 and a beta of 0.62. The business has a 50-day moving average of $42.29 and a 200 day moving average of $40.73.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in GEM. Salomon & Ludwin LLC bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter worth about $25,000. Independence Bank of Kentucky purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 2nd quarter worth approximately $32,000. Bank of Montreal Can bought a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the second quarter valued at approximately $37,000. Root Financial Partners LLC purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the third quarter valued at approximately $42,000. Finally, Steward Partners Investment Advisory LLC increased its position in shares of 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 valued at $58,000 after acquiring an additional 985 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.
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