Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Reaches New 1-Year High at $34.03

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $34.03 and last traded at $34.03, with a volume of 2604 shares. The stock had previously closed at $33.69.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

The company’s fifty day simple moving average is $32.73 and its 200-day simple moving average is $31.39. The company has a market capitalization of $1.01 billion, a P/E ratio of 10.62 and a beta of 0.79.

Institutional Trading of Goldman Sachs ActiveBeta Emerging Markets Equity ETF

A number of institutional investors have recently modified their holdings of the company. Morris Financial Concepts Inc. boosted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 36.2% in the 4th quarter. Morris Financial Concepts Inc. now owns 1,508 shares of the company’s stock valued at $46,000 after buying an additional 401 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.2% in the 4th quarter. Truist Financial Corp now owns 17,894 shares of the company’s stock valued at $549,000 after buying an additional 556 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 4th quarter valued at about $37,000. Hexagon Capital Partners LLC boosted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 29.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 9,214 shares of the company’s stock valued at $289,000 after buying an additional 2,099 shares in the last quarter. Finally, Altfest L J & Co. Inc. boosted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.6% in the 1st quarter. Altfest L J & Co. Inc. now owns 49,176 shares of the company’s stock valued at $1,541,000 after buying an additional 2,143 shares in 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.