Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Hits New 52-Week High at $35.83

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) shares reached a new 52-week high on Wednesday . The stock traded as high as $35.83 and last traded at $35.59, with a volume of 14782 shares. The stock had previously closed at $35.25.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Up 1.0 %

The company has a market capitalization of $1.05 billion, a P/E ratio of 10.62 and a beta of 0.79. The firm’s 50-day moving average price is $33.00 and its 200 day moving average price is $32.49.

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

Hedge funds have recently bought and sold shares of the company. GPS Wealth Strategies Group LLC grew its stake 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 purchasing an additional 308 shares during the period. Morris Financial Concepts Inc. raised its position 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 buying an additional 519 shares in the last quarter. Kathmere Capital Management LLC bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 2nd quarter worth approximately $207,000. Sanctuary Advisors LLC purchased a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the second quarter valued at about $220,000. Finally, Hexagon Capital Partners LLC grew its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 29.5% during the first quarter. Hexagon Capital Partners LLC now owns 9,214 shares of the company’s stock valued at $289,000 after buying an additional 2,099 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.