Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Reaches New 12-Month High – Here’s What Happened

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) reached a new 52-week high on Friday . The company traded as high as $48.50 and last traded at $48.50, with a volume of 1356 shares trading hands. The stock had previously closed at $47.34.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Up 2.1%

The business’s 50 day moving average is $45.11 and its 200-day moving average is $43.28. The firm has a market capitalization of $1.46 billion, a P/E ratio of 13.33 and a beta of 0.64.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Cambridge Advisors Inc. bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the first quarter valued at approximately $203,000. Rockefeller Capital Management L.P. increased its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 203.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 17,499 shares of the company’s stock valued at $728,000 after acquiring an additional 11,733 shares during the last quarter. World Investment Advisors bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter valued at approximately $593,000. Mengis Capital Management Inc. increased its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 35.9% in the fourth quarter. Mengis Capital Management Inc. now owns 18,521 shares of the company’s stock valued at $771,000 after acquiring an additional 4,892 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter valued at approximately $1,026,000.

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.