Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM – Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $46.05 and traded as high as $49.62. Goldman Sachs ActiveBeta Emerging Markets Equity ETF shares last traded at $49.38, with a volume of 90,665 shares changing hands.
Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance
The company has a market cap of $1.59 billion, a price-to-earnings ratio of 13.33 and a beta of 0.68. The firm has a fifty day moving average price of $46.05 and a 200 day moving average price of $44.34.
Institutional Investors Weigh In On Goldman Sachs ActiveBeta Emerging Markets Equity ETF
Several hedge funds have recently added to or reduced their stakes in GEM. Integrated Wealth Concepts LLC lifted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 12.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 13,421 shares of the company’s stock valued at $445,000 after purchasing an additional 1,509 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.7% during the 1st quarter. NewEdge Advisors LLC now owns 19,778 shares of the company’s stock valued at $656,000 after purchasing an additional 883 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 989.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,495 shares of the company’s stock valued at $428,000 after purchasing an additional 10,440 shares during the last quarter. Marshall Wace LLP lifted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 722.4% during the 2nd quarter. Marshall Wace LLP now owns 147,817 shares of the company’s stock valued at $5,500,000 after purchasing an additional 129,843 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.3% during the 2nd quarter. Raymond James Financial Inc. now owns 392,021 shares of the company’s stock valued at $14,587,000 after purchasing an additional 4,982 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. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.
See Also
- Five stocks we like better than Goldman Sachs ActiveBeta Emerging Markets Equity ETF
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
- The Power Grid Is Dying—Is It Time to Buy Its Replacement?
Receive News & Ratings for Goldman Sachs ActiveBeta Emerging Markets Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs ActiveBeta Emerging Markets Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.
