Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sets New 52-Week High at $31.96

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) reached a new 52-week high during trading on Thursday . The stock traded as high as $31.96 and last traded at $31.96, with a volume of 22266 shares trading hands. The stock had previously closed at $31.32.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

The firm has a market capitalization of $948.38 million, a price-to-earnings ratio of 10.62 and a beta of 0.79. The business has a 50 day simple moving average of $31.19 and a 200-day simple moving average of $30.14.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of GEM. Commonwealth Equity Services LLC raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 14.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 168,521 shares of the company’s stock valued at $5,281,000 after purchasing an additional 21,862 shares in the last quarter. Archford Capital Strategies LLC raised its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 10.5% during the 1st quarter. Archford Capital Strategies LLC now owns 211,713 shares of the company’s stock worth $6,635,000 after acquiring an additional 20,071 shares in the last quarter. Altfest L J & Co. Inc. raised its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.6% during the 1st quarter. Altfest L J & Co. Inc. now owns 49,176 shares of the company’s stock worth $1,541,000 after acquiring an additional 2,143 shares in the last quarter. Edge Financial Advisors LLC acquired a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 1st quarter worth about $2,670,000. Finally, Arvest Investments Inc. raised its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.0% during the 1st quarter. Arvest Investments Inc. now owns 476,947 shares of the company’s stock worth $14,948,000 after acquiring an additional 4,882 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.