Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $45.05 and last traded at $44.88, with a volume of 83016 shares. The stock had previously closed at $44.88.
Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance
The business’s 50-day moving average is $42.48 and its two-hundred day moving average is $40.82. The stock has a market capitalization of $1.35 billion, a PE ratio of 13.33 and a beta of 0.62.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Edge Financial Advisors LLC raised its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.2% during the fourth quarter. Edge Financial Advisors LLC now owns 19,242 shares of the company’s stock worth $799,000 after purchasing an additional 422 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 4th quarter worth approximately $360,000. Integrated Wealthcare LLC acquired a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 4th quarter valued at approximately $663,000. Apollon Financial LLC purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter valued at approximately $606,000. Finally, Naviter Wealth LLC acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the fourth quarter worth $242,000.
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.
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