Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Hits New 1-Year High at $34.54

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $34.54 and last traded at $34.54, with a volume of 5056 shares trading hands. The stock had previously closed at $33.62.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

The business’s 50 day moving average is $32.76 and its two-hundred day moving average is $32.33. The firm has a market capitalization of $1.02 billion, a PE ratio of 10.62 and a beta of 0.79.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC bought a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter worth approximately $37,000. GPS Wealth Strategies Group LLC increased its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 30.1% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,332 shares of the company’s stock valued at $44,000 after acquiring an additional 308 shares during the last quarter. Morris Financial Concepts Inc. increased its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 34.4% in the first quarter. Morris Financial Concepts Inc. now owns 2,027 shares of the company’s stock worth $64,000 after purchasing an additional 519 shares during the last quarter. Kathmere Capital Management LLC bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the second quarter valued at approximately $207,000. Finally, Sanctuary Advisors LLC purchased a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 2nd quarter valued at approximately $220,000.

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.