Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Shares Gap Down – What’s Next?

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) shares gapped down before the market opened on Thursday . The stock had previously closed at $52.00, but opened at $50.61. Goldman Sachs ActiveBeta Emerging Markets Equity ETF shares last traded at $50.73, with a volume of 2,340 shares traded.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

The company has a 50 day simple moving average of $50.78 and a two-hundred day simple moving average of $46.67. The firm has a market cap of $1.65 billion, a PE ratio of 13.33 and a beta of 0.70.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN boosted 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 valued at $171,789,000 after buying an additional 276,247 shares during the last quarter. Royal Bank of Canada increased its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 55.9% in the 1st quarter. Royal Bank of Canada now owns 486,143 shares of the company’s stock worth $21,001,000 after buying an additional 174,317 shares during the period. Marshall Wace LLP raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 722.4% during the 2nd quarter. Marshall Wace LLP now owns 147,817 shares of the company’s stock worth $5,500,000 after buying an additional 129,843 shares during the last quarter. Jane Street Group LLC raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 932.6% during the 2nd quarter. Jane Street Group LLC now owns 131,318 shares of the company’s stock worth $4,886,000 after buying an additional 118,601 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC lifted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 202.6% during the 4th quarter. Elevation Point Wealth Partners LLC now owns 151,736 shares of the company’s stock valued at $6,315,000 after acquiring an additional 101,591 shares during the period.

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