Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $45.02 and traded as low as $42.25. Goldman Sachs ActiveBeta Emerging Markets Equity ETF shares last traded at $43.13, with a volume of 106,191 shares changing hands.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Down 1.1%

The business’s 50-day simple moving average is $45.02 and its two-hundred day simple moving average is $42.93. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 13.33 and a beta of 0.62.

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

Large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 12.3% during the third quarter. Envestnet Asset Management Inc. now owns 915,829 shares of the company’s stock valued at $37,302,000 after acquiring an additional 100,365 shares during the last quarter. American National Bank & Trust raised its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 38.6% in the 3rd quarter. American National Bank & Trust now owns 175,942 shares of the company’s stock worth $7,166,000 after acquiring an additional 48,975 shares in the last quarter. Betterment LLC lifted 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 purchasing an additional 75,819 shares during the period. Empirical Asset Management LLC acquired a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter valued at about $622,000. Finally, CENTRAL TRUST Co boosted its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 14.9% during the 3rd quarter. CENTRAL TRUST Co now owns 119,839 shares of the company’s stock valued at $4,881,000 after purchasing an additional 15,522 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. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.