Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sees Strong Trading Volume – Here’s What Happened

Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) saw strong trading volume on Monday . 157,186 shares traded hands during trading, an increase of 55% from the previous session’s volume of 101,469 shares.The stock last traded at $32.24 and had previously closed at $32.08.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

The firm’s fifty day moving average is $33.21 and its 200-day moving average is $33.37. The firm has a market cap of $942.76 million, a price-to-earnings ratio of 10.62 and a beta of 0.79.

Institutional Trading of Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC lifted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 26.3% in the 3rd quarter. HighTower Advisors LLC now owns 9,831 shares of the company’s stock worth $345,000 after purchasing an additional 2,045 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 8.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,595 shares of the company’s stock valued at $252,000 after purchasing an additional 578 shares during the last quarter. LPL Financial LLC boosted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.6% in the second quarter. LPL Financial LLC now owns 1,499,824 shares of the company’s stock valued at $48,999,000 after acquiring an additional 51,990 shares during the last quarter. Truist Financial Corp lifted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 10.8% in the second quarter. Truist Financial Corp now owns 20,370 shares of the company’s stock valued at $665,000 after purchasing an additional 1,980 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 23,112 shares of the company’s stock valued at $755,000 after buying an additional 847 shares during 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.