Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Hits New 52-Week High – Time to Buy?

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $51.57 and last traded at $51.48, with a volume of 13214 shares changing hands. The stock had previously closed at $49.89.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Up 3.6%

The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 13.33 and a beta of 0.68. The stock has a fifty day simple moving average of $46.72 and a 200-day simple moving average of $44.66.

Institutional Trading of Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 12.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 13,421 shares of the company’s stock worth $445,000 after purchasing an additional 1,509 shares during the last quarter. NewEdge Advisors LLC grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.7% in the 1st quarter. NewEdge Advisors LLC now owns 19,778 shares of the company’s stock worth $656,000 after purchasing an additional 883 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 989.6% in the second quarter. JPMorgan Chase & Co. now owns 11,495 shares of the company’s stock valued at $428,000 after buying an additional 10,440 shares during the period. Marshall Wace LLP lifted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 722.4% in the second quarter. Marshall Wace LLP now owns 147,817 shares of the company’s stock valued at $5,500,000 after buying an additional 129,843 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.3% in the second quarter. Raymond James Financial Inc. now owns 392,021 shares of the company’s stock valued at $14,587,000 after buying an additional 4,982 shares during the period.

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.