Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Stock Passes Above 50-Day Moving Average – Should You Sell?

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $46.05 and traded as high as $49.62. Goldman Sachs ActiveBeta Emerging Markets Equity ETF shares last traded at $49.38, with a volume of 90,665 shares changing hands.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Down 3.4%

The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 13.33 and a beta of 0.68. The company has a 50 day moving average of $46.05 and a 200 day moving average of $44.34.

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

A number of institutional investors have recently added to or reduced their stakes in GEM. Integrated Wealth Concepts LLC grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 12.7% during the first quarter. Integrated Wealth Concepts LLC now owns 13,421 shares of the company’s stock valued at $445,000 after acquiring an additional 1,509 shares during the period. NewEdge Advisors LLC grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.7% during the first quarter. NewEdge Advisors LLC now owns 19,778 shares of the company’s stock valued at $656,000 after acquiring an additional 883 shares during the period. JPMorgan Chase & Co. grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 989.6% during the second quarter. JPMorgan Chase & Co. now owns 11,495 shares of the company’s stock valued at $428,000 after acquiring an additional 10,440 shares during the period. Marshall Wace LLP grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 722.4% during the second quarter. Marshall Wace LLP now owns 147,817 shares of the company’s stock valued at $5,500,000 after acquiring an additional 129,843 shares during the period. Finally, Raymond James Financial Inc. grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.3% during the second quarter. Raymond James Financial Inc. now owns 392,021 shares of the company’s stock valued at $14,587,000 after acquiring an additional 4,982 shares during the period.

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. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.