Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Reaches New 52-Week High – Here’s What Happened

Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) hit a new 52-week high on Friday . The stock traded as high as $51.16 and last traded at $51.16, with a volume of 8976 shares traded. The stock had previously closed at $50.32.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Up 1.8%

The company has a market cap of $1.65 billion, a P/E ratio of 13.33 and a beta of 0.68. The business’s 50 day moving average is $45.56 and its 200 day moving average is $43.99.

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

Several institutional investors and hedge funds have recently bought and sold shares of GEM. Integrated Wealth Concepts LLC grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 12.7% in the first quarter. Integrated Wealth Concepts LLC now owns 13,421 shares of the company’s stock worth $445,000 after purchasing an additional 1,509 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.7% in the first quarter. NewEdge Advisors LLC now owns 19,778 shares of the company’s stock worth $656,000 after purchasing an additional 883 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 989.6% in the second quarter. JPMorgan Chase & Co. now owns 11,495 shares of the company’s stock worth $428,000 after purchasing an additional 10,440 shares during the last quarter. Marshall Wace LLP grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 722.4% in the second quarter. Marshall Wace LLP now owns 147,817 shares of the company’s stock worth $5,500,000 after purchasing an additional 129,843 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.3% in the second quarter. Raymond James Financial Inc. now owns 392,021 shares of the company’s stock worth $14,587,000 after purchasing an additional 4,982 shares during the last quarter.

About Goldman Sachs ActiveBeta Emerging Markets Equity ETF

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. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.