Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) saw strong trading volume on Thursday. 195,710 shares changed hands during trading, an increase of 46% from the previous session’s volume of 134,385 shares. The stock last traded at $50.5860 and had previously closed at $51.10.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 13.33 and a beta of 0.71. The business has a fifty day simple moving average of $50.75 and a 200-day simple moving average of $49.45.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. raised its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 82.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 394,433 shares of the company’s stock valued at $20,511,000 after buying an additional 178,228 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 108.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,127,532 shares of the company’s stock worth $162,632,000 after acquiring an additional 1,627,669 shares during the last quarter. Archford Capital Strategies LLC bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 2nd quarter worth approximately $204,000. Integrated Wealth Concepts LLC increased its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 32,744 shares of the company’s stock valued at $1,703,000 after acquiring an additional 1,283 shares during the period. Finally, Baird Financial Group Inc. raised its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.1% during the second quarter. Baird Financial Group Inc. now owns 50,392 shares of the company’s stock valued at $2,620,000 after acquiring an additional 1,038 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.