Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Reaches New 1-Year High – Here’s Why

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $53.74 and last traded at $53.63, with a volume of 21638 shares changing hands. The stock had previously closed at $52.24.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

The company has a fifty day moving average of $49.59 and a two-hundred day moving average of $45.86. The company has a market cap of $1.73 billion, a PE ratio of 13.33 and a beta of 0.70.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Several hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 142.2% in the 1st quarter. NewEdge Advisors LLC now owns 55,062 shares of the company’s stock valued at $2,379,000 after acquiring an additional 32,330 shares during the last quarter. Western Wealth Management LLC grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 9.7% in the 1st quarter. Western Wealth Management LLC now owns 7,807 shares of the company’s stock valued at $337,000 after acquiring an additional 691 shares during the last quarter. Bank of America Corp DE grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 14.3% in the 1st quarter. Bank of America Corp DE now owns 673,297 shares of the company’s stock valued at $29,086,000 after acquiring an additional 84,456 shares during the last quarter. Royal Bank of Canada grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 55.9% in the 1st quarter. Royal Bank of Canada now owns 486,143 shares of the company’s stock valued at $21,001,000 after acquiring an additional 174,317 shares during the last quarter. Finally, Gateway Wealth Partners LLC bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 1st quarter valued at $464,000.

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.