Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sets New 1-Year High at $31.96

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)’s stock price reached a new 52-week high 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’s 50 day moving average is $31.24 and its 200-day moving average is $30.18. The stock has a market capitalization of $956.38 million, a price-to-earnings ratio of 10.62 and a beta of 0.79.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC acquired a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter valued at approximately $37,000. Morris Financial Concepts Inc. lifted its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 36.2% during the 4th quarter. Morris Financial Concepts Inc. now owns 1,508 shares of the company’s stock valued at $46,000 after buying an additional 401 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 4th quarter valued at $70,000. Hexagon Capital Partners LLC increased its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 29.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 9,214 shares of the company’s stock worth $289,000 after acquiring an additional 2,099 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 38.3% during the fourth quarter. Private Advisor Group LLC now owns 10,911 shares of the company’s stock worth $335,000 after acquiring an additional 3,021 shares during the period.

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.