Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $45.18 and traded as low as $43.47. Goldman Sachs ActiveBeta Emerging Markets Equity ETF shares last traded at $43.56, with a volume of 52,966 shares.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

The business’s 50 day simple moving average is $45.18 and its 200-day simple moving average is $42.83. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 13.33 and a beta of 0.62.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 7.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,127,553 shares of the company’s stock worth $171,789,000 after purchasing an additional 276,247 shares during the last quarter. SigFig Wealth Management LLC lifted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 0.7% during the 4th quarter. SigFig Wealth Management LLC now owns 3,242,190 shares of the company’s stock valued at $134,940,000 after buying an additional 22,157 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 0.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,839,340 shares of the company’s stock valued at $118,173,000 after buying an additional 9,926 shares during the last quarter. Betterment LLC grew its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.6% in the 3rd quarter. Betterment LLC now owns 2,174,673 shares of the company’s stock valued at $88,574,000 after buying an additional 75,819 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.2% in the 4th quarter. LPL Financial LLC now owns 2,012,341 shares of the company’s stock valued at $83,754,000 after buying an additional 42,384 shares in 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.