Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sees Strong Trading Volume – Time to Buy?

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) shares saw an uptick in trading volume on Monday . 157,186 shares traded hands during mid-day 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 business has a fifty day moving average of $33.30 and a 200 day moving average of $33.38. The stock has a market cap of $953.12 million, a PE ratio of 10.62 and a beta of 0.79.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. bought a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the third quarter worth about $50,000. Wilmington Savings Fund Society FSB acquired a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the third quarter valued at approximately $136,000. Naviter Wealth LLC bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter worth approximately $204,000. Kathmere Capital Management LLC acquired a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 2nd quarter worth approximately $207,000. Finally, Raymond James Trust N.A. bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter valued at approximately $216,000.

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.