Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sees Unusually-High Trading Volume – Still a Buy?

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEMGet Free Report) saw unusually-strong trading volume on Friday . Approximately 358,360 shares traded hands during trading, an increase of 85% from the previous session’s volume of 194,010 shares.The stock last traded at $32.16 and had previously closed at $32.07.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Down 0.1 %

The stock’s 50 day moving average price is $32.85 and its 200 day moving average price is $33.31. The firm has a market cap of $948.12 million, a PE ratio of 10.62 and a beta of 0.79.

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

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

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Company Profile

(Get Free Report)

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.

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