Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sees Large Volume Increase

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) shares saw unusually-high trading volume on Thursday . Approximately 79,137 shares traded hands during mid-day trading, a decline of 40% from the previous session’s volume of 131,818 shares.The stock last traded at $30.64 and had previously closed at $30.50.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Up 0.5 %

The stock has a market capitalization of $906.94 million, a PE ratio of 10.49 and a beta of 0.79. The stock’s 50-day moving average is $31.07 and its 200 day moving average is $29.96.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in GEM. GSA Capital Partners LLP lifted its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.3% in the third quarter. GSA Capital Partners LLP now owns 10,507 shares of the company’s stock worth $301,000 after buying an additional 337 shares during the last quarter. Morris Financial Concepts Inc. raised its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 36.2% in the fourth quarter. Morris Financial Concepts Inc. now owns 1,508 shares of the company’s stock valued at $46,000 after purchasing an additional 401 shares during the period. Truist Financial Corp lifted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.2% in the fourth quarter. Truist Financial Corp now owns 17,894 shares of the company’s stock worth $549,000 after buying an additional 556 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 7.9% during the 3rd quarter. HighTower Advisors LLC now owns 8,013 shares of the company’s stock worth $230,000 after buying an additional 588 shares during the period. Finally, Elmwood Wealth Management Inc. grew its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.0% in the 3rd quarter. Elmwood Wealth Management Inc. now owns 26,958 shares of the company’s stock valued at $773,000 after buying an additional 780 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.