Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sees Unusually-High Trading Volume

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) shares saw strong trading volume on Monday . 203,418 shares changed hands during trading, an increase of 49% from the previous session’s volume of 136,077 shares.The stock last traded at $29.98 and had previously closed at $29.59.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

The company has a market capitalization of $982.69 million, a PE ratio of 9.32 and a beta of 0.72. The firm’s 50-day simple moving average is $28.76 and its 200 day simple moving average is $29.56.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta Emerging Markets Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of GEM. Jane Street Group LLC raised its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 934.4% during the 4th quarter. Jane Street Group LLC now owns 1,228,855 shares of the company’s stock worth $34,789,000 after purchasing an additional 1,110,053 shares during the last quarter. LPL Financial LLC lifted its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 59.2% in the first quarter. LPL Financial LLC now owns 1,911,381 shares of the company’s stock valued at $56,902,000 after acquiring an additional 711,107 shares in the last quarter. Apella Capital LLC purchased a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 2nd quarter worth about $16,370,000. Envestnet Asset Management Inc. raised its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 88.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 979,317 shares of the company’s stock valued at $29,154,000 after purchasing an additional 459,084 shares during the last quarter. Finally, WMS Partners LLC boosted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 54.3% during the 1st quarter. WMS Partners LLC now owns 1,249,700 shares of the company’s stock worth $37,204,000 after purchasing an additional 439,814 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.