Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sees Unusually-High Trading Volume – What’s Next?

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) shares saw strong trading volume on Friday . 64,516 shares changed hands during trading, a decline of 37% from the previous session’s volume of 101,705 shares.The stock last traded at $33.54 and had previously closed at $33.60.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

The business has a 50-day simple moving average of $32.63 and a two-hundred day simple moving average of $33.35. The stock has a market cap of $881.58 million, a price-to-earnings ratio of 13.36 and a beta of 0.71.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can bought a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the fourth quarter worth about $41,000. Private Trust Co. NA increased its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 38.3% in the fourth quarter. Private Trust Co. NA now owns 1,633 shares of the company’s stock worth $52,000 after purchasing an additional 452 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,571 shares of the company’s stock worth $114,000 after purchasing an additional 871 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the third quarter worth approximately $136,000. Finally, Raymond James Trust N.A. bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the third quarter worth approximately $216,000.

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.