Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $46.05 and traded as high as $49.62. Goldman Sachs ActiveBeta Emerging Markets Equity ETF shares last traded at $49.38, with a volume of 90,665 shares.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

The business has a 50-day simple moving average of $46.05 and a two-hundred day simple moving average of $44.34. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 13.33 and a beta of 0.68.

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

A number of large investors have recently bought and sold shares of GEM. Integrated Wealth Concepts LLC boosted its position in 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 acquiring an additional 1,509 shares during the last quarter. NewEdge Advisors LLC boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.7% during the 1st quarter. NewEdge Advisors LLC now owns 19,778 shares of the company’s stock worth $656,000 after acquiring an additional 883 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 989.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,495 shares of the company’s stock valued at $428,000 after buying an additional 10,440 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 722.4% in the 2nd quarter. Marshall Wace LLP now owns 147,817 shares of the company’s stock valued at $5,500,000 after buying an additional 129,843 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.3% in the 2nd quarter. Raymond James Financial Inc. now owns 392,021 shares of the company’s stock valued at $14,587,000 after buying an additional 4,982 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.