Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Hits New 1-Year High – Time to Buy?

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $48.25 and last traded at $48.24, with a volume of 123573 shares changing hands. The stock had previously closed at $47.67.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

The company has a market cap of $1.42 billion, a PE ratio of 13.33 and a beta of 0.62. The firm has a fifty day simple moving average of $44.39 and a 200 day simple moving average of $42.01.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 7.2% during the fourth 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 period. SigFig Wealth Management LLC raised its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 0.7% in the 4th quarter. SigFig Wealth Management LLC now owns 3,242,190 shares of the company’s stock valued at $134,940,000 after purchasing an additional 22,157 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake 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 boosted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.6% during 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 during the last quarter. Finally, LPL Financial LLC grew its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.2% during the fourth quarter. LPL Financial LLC now owns 2,012,341 shares of the company’s stock worth $83,754,000 after buying an additional 42,384 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.