Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Share Price Crosses Below 50 Day Moving Average – What’s Next?

Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $44.91 and traded as low as $43.24. Goldman Sachs ActiveBeta Emerging Markets Equity ETF shares last traded at $43.84, with a volume of 203,420 shares trading hands.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

The company has a fifty day moving average price of $44.91 and a two-hundred day moving average price of $42.30. The company has a market cap of $1.29 billion, a P/E ratio of 13.33 and a beta of 0.62.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Mengis Capital Management Inc. raised its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 35.9% during the 4th quarter. Mengis Capital Management Inc. now owns 18,521 shares of the company’s stock worth $771,000 after purchasing an additional 4,892 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the fourth quarter worth $1,026,000. NewEdge Advisors LLC raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.0% during the fourth quarter. NewEdge Advisors LLC now owns 22,732 shares of the company’s stock worth $946,000 after acquiring an additional 658 shares in the last quarter. Prostatis Group LLC grew its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.0% in the 4th quarter. Prostatis Group LLC now owns 32,805 shares of the company’s stock valued at $1,365,000 after acquiring an additional 637 shares during the period. Finally, Clay Northam Wealth Management LLC increased its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.5% during the 4th quarter. Clay Northam Wealth Management LLC now owns 58,817 shares of the company’s stock worth $2,448,000 after purchasing an additional 1,989 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.