Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Reaches New 12-Month Low – Time to Sell?

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) reached a new 52-week low on Monday . The stock traded as low as $29.50 and last traded at $29.56, with a volume of 5275 shares trading hands. The stock had previously closed at $31.01.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Down 4.0 %

The firm has a market capitalization of $801.08 million, a price-to-earnings ratio of 13.28 and a beta of 0.63. The business has a 50-day moving average of $33.21 and a two-hundred day moving average of $33.43.

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

A number of institutional investors have recently bought and sold shares of the business. Private Trust Co. NA grew its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 38.3% in the 4th quarter. Private Trust Co. NA now owns 1,633 shares of the company’s stock valued at $52,000 after purchasing an additional 452 shares during the period. Atria Wealth Solutions Inc. boosted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 25,386 shares of the company’s stock valued at $810,000 after buying an additional 464 shares in the last quarter. Edge Financial Advisors LLC grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.4% in the fourth quarter. Edge Financial Advisors LLC now owns 23,833 shares of the company’s stock valued at $761,000 after acquiring an additional 562 shares during the period. Sanctuary Advisors LLC raised its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 8.2% during the third quarter. Sanctuary Advisors LLC now owns 7,595 shares of the company’s stock worth $252,000 after acquiring an additional 578 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 32.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,571 shares of the company’s stock valued at $114,000 after acquiring an additional 871 shares during the period.

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.