Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sees Strong Trading Volume

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) saw an uptick in trading volume on Thursday . 79,137 shares changed hands during trading, a decline of 40% from the previous session’s volume of 131,818 shares.The stock last traded at $30.64 and had previously closed at $30.50.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Down 0.5 %

The company has a market cap of $901.32 million, a P/E ratio of 10.49 and a beta of 0.79. The company has a 50-day simple moving average of $31.08 and a 200 day simple moving average of $29.97.

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

Several large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.2% during the second quarter. Goldman Sachs Group Inc. now owns 4,481,372 shares of the company’s stock valued at $133,366,000 after acquiring an additional 179,129 shares in the last quarter. SigFig Wealth Management LLC increased its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.1% during the 4th quarter. SigFig Wealth Management LLC now owns 3,000,482 shares of the company’s stock worth $92,084,000 after purchasing an additional 32,532 shares during the period. Wells Fargo & Company MN raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 0.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,402,868 shares of the company’s stock valued at $73,744,000 after purchasing an additional 20,515 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.9% in the 1st quarter. Baird Financial Group Inc. now owns 1,630,520 shares of the company’s stock worth $55,242,000 after buying an additional 45,235 shares during the period. Finally, WMS Partners LLC grew its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 15.1% during the 2nd quarter. WMS Partners LLC now owns 1,438,961 shares of the company’s stock worth $43,025,000 after buying an additional 189,261 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.