Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sees Large Volume Increase

Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) saw strong trading volume on Thursday . 79,137 shares were traded during mid-day trading, a decline of 40% from the previous session’s volume of 131,818 shares.The stock last traded at $30.64 and had previously closed at $30.50.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

The firm’s 50 day simple moving average is $31.08 and its two-hundred day simple moving average is $29.97. The firm has a market capitalization of $901.32 million, a P/E ratio of 10.49 and a beta of 0.79.

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

A number of hedge funds and other institutional investors have recently modified their holdings of GEM. JPMorgan Chase & Co. increased its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.4% in the first quarter. JPMorgan Chase & Co. now owns 137,486 shares of the company’s stock worth $4,658,000 after buying an additional 4,561 shares during the period. Bank of New York Mellon Corp increased its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 22.7% in the first quarter. Bank of New York Mellon Corp now owns 18,045 shares of the company’s stock valued at $611,000 after acquiring an additional 3,342 shares during the period. Raymond James Trust N.A. raised its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 13.8% during the first quarter. Raymond James Trust N.A. now owns 17,351 shares of the company’s stock valued at $588,000 after acquiring an additional 2,104 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.9% during the first quarter. Baird Financial Group Inc. now owns 1,630,520 shares of the company’s stock worth $55,242,000 after purchasing an additional 45,235 shares during the period. Finally, Prudential Financial Inc. grew its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 20.6% in the first quarter. Prudential Financial Inc. now owns 13,334 shares of the company’s stock worth $452,000 after purchasing an additional 2,281 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.