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

Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) saw an uptick in trading volume on Tuesday . 390,241 shares were traded during 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 Up 0.1 %

The firm has a market cap of $899.20 million, a PE ratio of 13.52 and a beta of 0.72. The company has a 50-day simple moving average of $32.89 and a two-hundred day simple moving average of $33.36.

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

Institutional investors have recently bought and sold shares of the stock. SigFig Wealth Management LLC lifted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.3% in the 4th quarter. SigFig Wealth Management LLC now owns 3,291,658 shares of the company’s stock valued at $105,333,000 after purchasing an additional 72,940 shares during the period. Wells Fargo & Company MN lifted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 17.8% during the fourth quarter. Wells Fargo & Company MN now owns 3,077,359 shares of the company’s stock valued at $98,229,000 after purchasing an additional 465,064 shares in the last quarter. Betterment LLC lifted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 5.1% during the fourth quarter. Betterment LLC now owns 1,744,334 shares of the company’s stock valued at $55,679,000 after purchasing an additional 84,046 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter valued at about $51,415,000. Finally, LPL Financial LLC lifted its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.4% in the fourth quarter. LPL Financial LLC now owns 1,576,418 shares of the company’s stock valued at $50,319,000 after acquiring an additional 36,610 shares in the last quarter.

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.