Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Stock Breaks Above 200-Day Moving Average – Here’s Why

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)’s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $48.57 and traded as high as $48.59. Goldman Sachs ActiveBeta Emerging Markets Equity ETF shares last traded at $48.58, with a volume of 89,140 shares trading hands.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Down 2.9%

The business has a fifty day moving average of $50.52 and a 200-day moving average of $48.61. The firm has a market cap of $1.64 billion, a PE ratio of 13.33 and a beta of 0.71.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rogco LP bought a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the second quarter worth $25,000. Advisortrust Partners LLC purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the first quarter worth $42,000. Global Assets Advisory LLC purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the first quarter worth $47,000. Turtle Creek Wealth Advisors LLC bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the third quarter valued at $50,000. Finally, Root Financial Partners LLC bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the third quarter valued at $52,000.

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.