Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sees Large Volume Increase – Here’s Why

Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) saw unusually-strong trading volume on Thursday . Approximately 1,589,619 shares traded hands during trading, an increase of 809% from the previous session’s volume of 174,790 shares.The stock last traded at $47.62 and had previously closed at $47.34.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

The firm’s 50 day moving average is $45.05 and its 200 day moving average is $43.25. The firm has a market cap of $1.43 billion, a P/E ratio of 13.33 and a beta of 0.64.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GEM. Wells Fargo & Company MN raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 7.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,127,553 shares of the company’s stock worth $171,789,000 after acquiring an additional 276,247 shares during the period. Marshall Wace LLP raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 722.4% in the second quarter. Marshall Wace LLP now owns 147,817 shares of the company’s stock worth $5,500,000 after acquiring an additional 129,843 shares during the period. Jane Street Group LLC raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 932.6% in the second quarter. Jane Street Group LLC now owns 131,318 shares of the company’s stock worth $4,886,000 after acquiring an additional 118,601 shares during the period. Elevation Point Wealth Partners LLC raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 202.6% in the fourth quarter. Elevation Point Wealth Partners LLC now owns 151,736 shares of the company’s stock worth $6,315,000 after acquiring an additional 101,591 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 12.3% in the third quarter. Envestnet Asset Management Inc. now owns 915,829 shares of the company’s stock worth $37,302,000 after acquiring an additional 100,365 shares during the period.

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. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.