Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) saw strong trading volume on Tuesday . 390,241 shares changed hands during mid-day trading, an increase of 274% from the previous session’s volume of 104,283 shares.The stock last traded at $34.12 and had previously closed at $34.34.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Down 0.4 %

The business’s 50-day moving average is $32.80 and its two-hundred day moving average is $33.35. The company has a market capitalization of $899.85 million, a P/E ratio of 13.52 and a beta of 0.72.

Institutional Trading of Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter worth about $41,000. Private Trust Co. NA lifted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 38.3% in the 4th quarter. Private Trust Co. NA now owns 1,633 shares of the company’s stock worth $52,000 after acquiring an additional 452 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,571 shares of the company’s stock worth $114,000 after acquiring an additional 871 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter worth approximately $136,000. Finally, Raymond James Trust N.A. bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter worth approximately $216,000.

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.