Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Shares Gap Down – What’s Next?

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) shares gapped down before the market opened on Thursday . The stock had previously closed at $52.00, but opened at $50.61. Goldman Sachs ActiveBeta Emerging Markets Equity ETF shares last traded at $50.73, with a volume of 2,340 shares changing hands.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Down 0.8%

The stock has a market capitalization of $1.65 billion, a PE ratio of 13.33 and a beta of 0.70. The company’s 50 day simple moving average is $50.68 and its 200 day simple moving average is $46.59.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisortrust Partners LLC acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the first quarter valued at $42,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 4th quarter valued at about $42,000. Harbor Asset Planning Inc. grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 196.4% in the 1st quarter. Harbor Asset Planning Inc. now owns 993 shares of the company’s stock valued at $43,000 after buying an additional 658 shares during the period. Global Assets Advisory LLC acquired a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 1st quarter valued at about $47,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 261.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,051 shares of the company’s stock valued at $85,000 after acquiring an additional 1,484 shares during 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.