Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Shares Cross Below 50-Day Moving Average – Should You Sell?

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $50.87 and traded as low as $48.01. Goldman Sachs ActiveBeta Emerging Markets Equity ETF shares last traded at $48.72, with a volume of 308,196 shares trading hands.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

The company has a 50 day moving average of $50.87 and a two-hundred day moving average of $47.60. The company has a market capitalization of $1.66 billion, a PE ratio of 13.33 and a beta of 0.70.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GEM. World Investment Advisors bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 4th quarter valued at approximately $593,000. CENTRAL TRUST Co boosted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 8.7% in the first quarter. CENTRAL TRUST Co now owns 141,925 shares of the company’s stock worth $6,131,000 after acquiring an additional 11,301 shares in the last quarter. Apollon Financial LLC bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter worth $606,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 7,076.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 40,692 shares of the company’s stock worth $1,694,000 after acquiring an additional 40,125 shares in the last quarter. Finally, American National Bank & Trust grew its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 10.9% in the fourth quarter. American National Bank & Trust now owns 195,075 shares of the company’s stock worth $8,119,000 after acquiring an additional 19,133 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.