Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Shares Gap Down – What’s Next?

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) shares gapped down prior to trading on Thursday . The stock had previously closed at $52.00, but opened at $50.61. Goldman Sachs ActiveBeta Emerging Markets Equity ETF shares last traded at $50.73, with a volume of 2,340 shares.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Down 0.8%

The business’s fifty day moving average is $50.68 and its 200-day moving average is $46.59. The stock has a market capitalization of $1.65 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

A number of hedge funds have recently made changes to their positions in GEM. Integrated Wealth Concepts LLC increased its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 12.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 13,421 shares of the company’s stock worth $445,000 after buying an additional 1,509 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.7% in the first quarter. NewEdge Advisors LLC now owns 19,778 shares of the company’s stock valued at $656,000 after acquiring an additional 883 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 989.6% in the second quarter. JPMorgan Chase & Co. now owns 11,495 shares of the company’s stock valued at $428,000 after acquiring an additional 10,440 shares during the last quarter. Marshall Wace LLP grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 722.4% during the second quarter. Marshall Wace LLP now owns 147,817 shares of the company’s stock valued at $5,500,000 after acquiring an additional 129,843 shares during the period. Finally, Raymond James Financial Inc. grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.3% during the second quarter. Raymond James Financial Inc. now owns 392,021 shares of the company’s stock valued at $14,587,000 after acquiring an additional 4,982 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. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.