Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Shares Cross Below 50-Day Moving Average – Should You Sell?

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)’s share price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $50.87 and traded as low as $48.01. Goldman Sachs ActiveBeta Emerging Markets Equity ETF shares last traded at $48.72, with a volume of 308,196 shares traded.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

The company has a market capitalization of $1.66 billion, a PE ratio of 13.33 and a beta of 0.70. The company’s 50-day moving average is $50.87 and its 200 day moving average is $47.60.

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

Institutional investors have recently made changes to their positions in the company. Syntegra Private Wealth Group LLC increased its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.7% during the first quarter. Syntegra Private Wealth Group LLC now owns 16,631 shares of the company’s stock valued at $718,000 after acquiring an additional 281 shares in the last quarter. Transamerica Financial Advisors LLC lifted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 19.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 2,136 shares of the company’s stock valued at $89,000 after acquiring an additional 351 shares in the last quarter. Edge Financial Advisors LLC boosted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.2% during the 4th quarter. Edge Financial Advisors LLC now owns 19,242 shares of the company’s stock valued at $799,000 after purchasing an additional 422 shares during the last quarter. Orion Porfolio Solutions LLC boosted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.1% during the 4th quarter. Orion Porfolio Solutions LLC now owns 12,419 shares of the company’s stock valued at $517,000 after purchasing an additional 484 shares during the last quarter. Finally, Prostatis Group LLC boosted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.0% during the 4th quarter. Prostatis Group LLC now owns 32,805 shares of the company’s stock valued at $1,365,000 after purchasing an additional 637 shares during the last quarter.

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.