Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Hits New 52-Week High at $31.87

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $31.87 and last traded at $31.87, with a volume of 2802 shares changing hands. The stock had previously closed at $31.60.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

The business’s fifty day moving average price is $30.86 and its 200-day moving average price is $29.83. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 9.32 and a beta of 0.72.

Institutional Trading of Goldman Sachs ActiveBeta Emerging Markets Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Fortis Capital Advisors LLC bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter worth about $26,000. Northwestern Mutual Wealth Management Co. grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 283.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,184 shares of the company’s stock valued at $34,000 after purchasing an additional 875 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter worth $37,000. Almanack Investment Partners LLC. purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter valued at $38,000. Finally, Morris Financial Concepts Inc. grew its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 36.2% during the 4th quarter. Morris Financial Concepts Inc. now owns 1,508 shares of the company’s stock worth $46,000 after acquiring an additional 401 shares during the period.

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.