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

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $51.57 and last traded at $51.48, with a volume of 13214 shares changing hands. The stock had previously closed at $49.89.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

The company has a market cap of $1.67 billion, a PE ratio of 13.33 and a beta of 0.68. The stock’s 50 day moving average price is $47.05 and its 200-day moving average price is $44.80.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 12.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 915,829 shares of the company’s stock valued at $37,302,000 after purchasing an additional 100,365 shares in the last quarter. Betterment LLC raised its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.6% during the 3rd quarter. Betterment LLC now owns 2,174,673 shares of the company’s stock valued at $88,574,000 after buying an additional 75,819 shares during the last quarter. Empirical Asset Management LLC bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter valued at $622,000. American National Bank & Trust raised its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 10.9% during the 4th quarter. American National Bank & Trust now owns 195,075 shares of the company’s stock valued at $8,119,000 after buying an additional 19,133 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 7,076.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 40,692 shares of the company’s stock valued at $1,694,000 after buying an additional 40,125 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.