Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $50.87 and traded as low as $48.01. Goldman Sachs ActiveBeta Emerging Markets Equity ETF shares last traded at $48.72, with a volume of 308,196 shares changing hands.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

The company has a market cap of $1.60 billion, a price-to-earnings ratio of 13.33 and a beta of 0.70. The firm’s 50-day moving average price is $50.79 and its 200-day moving average price is $47.66.

Institutional Trading of Goldman Sachs ActiveBeta Emerging Markets Equity ETF

A number of hedge funds have recently made changes to their positions in GEM. World Equity Group Inc. purchased a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 2nd quarter worth $212,000. Adamsbrown Wealth Consultants LLC bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the second quarter valued at about $204,000. CoreCap Advisors LLC raised its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 5.0% during the 2nd quarter. CoreCap Advisors LLC now owns 155,725 shares of the company’s stock valued at $8,098,000 after acquiring an additional 7,406 shares in the last quarter. Western Wealth Management LLC lifted its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 9.7% in the 1st quarter. Western Wealth Management LLC now owns 7,807 shares of the company’s stock worth $337,000 after buying an additional 691 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 142.2% in the first quarter. NewEdge Advisors LLC now owns 55,062 shares of the company’s stock worth $2,379,000 after acquiring an additional 32,330 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.