Goldman Sachs MarketBeta Emerging Markets Equity ETF (BATS:GSEE) Shares Up 42.2% – Time to Buy?

Goldman Sachs MarketBeta Emerging Markets Equity ETF (BATS:GSEE)’s share price shot up 42.2% during mid-day trading on Tuesday . The company traded as high as $43.4896 and last traded at $61.10. 34 shares changed hands during trading, a decline of 99% from the average session volume of 3,635 shares. The stock had previously closed at $42.9772.

Goldman Sachs MarketBeta Emerging Markets Equity ETF Trading Up 42.2%

The firm’s 50-day moving average price is $58.12 and its 200 day moving average price is $55.88. The company has a market capitalization of $140.53 million, a price-to-earnings ratio of 15.21 and a beta of 0.61.

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

A hedge fund recently raised its stake in Goldman Sachs MarketBeta Emerging Markets Equity ETF stock. Citadel Advisors LLC raised its holdings in Goldman Sachs MarketBeta Emerging Markets Equity ETF (BATS:GSEE) by 82.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,583 shares of the company’s stock after purchasing an additional 35,418 shares during the quarter. Citadel Advisors LLC owned 3.42% of Goldman Sachs MarketBeta Emerging Markets Equity ETF worth $4,364,000 as of its most recent SEC filing.

Goldman Sachs MarketBeta Emerging Markets Equity ETF Company Profile

The Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging-market equities, selected and weighted by market capitalization. GSEE was launched on May 12, 2020 and is managed by Goldman Sachs.