Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sets New 12-Month High – Should You Buy?

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) hit a new 52-week high on Friday . The stock traded as high as $42.17 and last traded at $42.15, with a volume of 3135 shares traded. The stock had previously closed at $41.86.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Up 0.6%

The stock has a fifty day moving average of $40.17 and a 200-day moving average of $37.26. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 13.33 and a beta of 0.72.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Salomon & Ludwin LLC acquired a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the third quarter worth approximately $25,000. Independence Bank of Kentucky purchased a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the second quarter worth approximately $32,000. Bank of Montreal Can acquired a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 2nd quarter valued at $37,000. Steward Partners Investment Advisory LLC grew its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 171.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,560 shares of the company’s stock valued at $58,000 after buying an additional 985 shares during the period. Finally, Private Trust Co. NA increased its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 29.6% during the 2nd quarter. Private Trust Co. NA now owns 2,149 shares of the company’s stock worth $80,000 after buying an additional 491 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.