Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Reaches New 1-Year High – Here’s Why

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) reached a new 52-week high during trading on Thursday . The company traded as high as $53.74 and last traded at $53.63, with a volume of 21638 shares. The stock had previously closed at $52.24.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

The stock has a fifty day moving average of $49.59 and a 200 day moving average of $45.86. The company has a market capitalization of $1.73 billion, a PE ratio of 13.33 and a beta of 0.70.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Betterment LLC lifted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.6% in the 3rd quarter. Betterment LLC now owns 2,174,673 shares of the company’s stock worth $88,574,000 after purchasing an additional 75,819 shares in the last quarter. Empirical Asset Management LLC purchased a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter worth approximately $622,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 7,076.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 40,692 shares of the company’s stock worth $1,694,000 after purchasing an additional 40,125 shares in the last quarter. Apollon Financial LLC purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 4th quarter worth approximately $606,000. Finally, American National Bank & Trust raised its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 10.9% during the 4th quarter. American National Bank & Trust now owns 195,075 shares of the company’s stock worth $8,119,000 after acquiring an additional 19,133 shares in the last quarter.

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.