Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sets New 1-Year High at $32.53

Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) reached a new 52-week high during trading on Friday . The stock traded as high as $32.53 and last traded at $32.46, with a volume of 4042 shares. The stock had previously closed at $32.31.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

The company has a market cap of $958.70 million, a P/E ratio of 10.62 and a beta of 0.79. The business’s fifty day moving average is $31.38 and its two-hundred day moving average is $30.34.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GEM. SigFig Wealth Management LLC raised its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.1% in the 4th quarter. SigFig Wealth Management LLC now owns 3,000,482 shares of the company’s stock valued at $92,084,000 after purchasing an additional 32,532 shares in the last quarter. Wells Fargo & Company MN raised its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 0.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,402,868 shares of the company’s stock worth $73,744,000 after buying an additional 20,515 shares in the last quarter. Betterment LLC lifted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 8.9% during the third quarter. Betterment LLC now owns 1,372,071 shares of the company’s stock worth $39,337,000 after buying an additional 112,526 shares during the period. Spinnaker Trust boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 0.5% during the 4th quarter. Spinnaker Trust now owns 1,091,550 shares of the company’s stock valued at $33,500,000 after acquiring an additional 5,443 shares in the last quarter. Finally, Apella Capital LLC boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.7% during the 1st quarter. Apella Capital LLC now owns 586,820 shares of the company’s stock valued at $18,693,000 after acquiring an additional 9,602 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.