Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM – Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $48.57 and traded as high as $48.59. Goldman Sachs ActiveBeta Emerging Markets Equity ETF shares last traded at $48.58, with a volume of 89,140 shares traded.
Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Up 1.4%
The stock has a 50-day moving average of $50.66 and a 200 day moving average of $48.57. The stock has a market cap of $1.71 billion, a PE ratio of 13.33 and a beta of 0.71.
Institutional Trading of Goldman Sachs ActiveBeta Emerging Markets Equity ETF
Several institutional investors and hedge funds have recently bought and sold shares of the business. Founders Financial Securities LLC purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter valued at $329,000. D.A. Davidson & CO. acquired a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the third quarter worth about $319,000. Sigma Planning Corp purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter valued at approximately $398,000. Root Financial Partners LLC acquired a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the third quarter worth about $52,000. Finally, Arvest Investments Inc. acquired a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter worth approximately $22,266,000.
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.
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