Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 358,360 shares traded hands during mid-day trading, an increase of 85% from the previous session’s volume of 194,010 shares.The stock last traded at $32.16 and had previously closed at $32.07.
Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance
The company has a market cap of $948.12 million, a price-to-earnings ratio of 10.62 and a beta of 0.79. The business’s 50 day simple moving average is $32.85 and its 200-day simple moving average is $33.31.
Institutional Trading of Goldman Sachs ActiveBeta Emerging Markets Equity ETF
Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. acquired a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the third quarter worth about $50,000. Wilmington Savings Fund Society FSB acquired a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter worth approximately $136,000. Naviter Wealth LLC acquired a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter worth approximately $204,000. Kathmere Capital Management LLC bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the second quarter worth approximately $207,000. Finally, Raymond James Trust N.A. bought a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the third quarter valued at 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.
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