Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sees Unusually-High Trading Volume – Here’s Why

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) saw unusually-high trading volume on Friday . Approximately 358,360 shares were traded during mid-day trading, an increase of 85% from the previous session’s volume of 194,010 shares.The stock last traded at $32.16 and had previously closed at $32.07.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

The firm has a fifty day moving average of $32.81 and a 200 day moving average of $33.31. The stock has a market cap of $948.98 million, a price-to-earnings ratio of 10.62 and a beta of 0.79.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Edge Financial Advisors LLC raised its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.4% in the 4th quarter. Edge Financial Advisors LLC now owns 23,833 shares of the company’s stock valued at $761,000 after acquiring an additional 562 shares during the period. Elmwood Wealth Management Inc. raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.9% in the fourth quarter. Elmwood Wealth Management Inc. now owns 26,733 shares of the company’s stock valued at $853,000 after purchasing an additional 1,000 shares during the period. JPMorgan Chase & Co. acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the third quarter worth $2,205,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the third quarter worth $136,000. Finally, Arvest Bank Trust Division acquired a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the third quarter valued at $42,728,000.

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.