Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sets New 12-Month High – Still a Buy?

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) hit a new 52-week high during trading on Tuesday . The company traded as high as $51.57 and last traded at $51.48, with a volume of 13214 shares trading hands. The stock had previously closed at $49.89.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

The business has a 50 day simple moving average of $46.72 and a 200 day simple moving average of $44.66. The stock has a market cap of $1.66 billion, a PE ratio of 13.33 and a beta of 0.68.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN grew its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 7.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,127,553 shares of the company’s stock valued at $171,789,000 after purchasing an additional 276,247 shares in the last quarter. SigFig Wealth Management LLC grew its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 0.7% in the fourth quarter. SigFig Wealth Management LLC now owns 3,242,190 shares of the company’s stock valued at $134,940,000 after purchasing an additional 22,157 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 0.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,839,340 shares of the company’s stock valued at $118,173,000 after purchasing an additional 9,926 shares in the last quarter. Betterment LLC grew its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.6% in the third quarter. Betterment LLC now owns 2,174,673 shares of the company’s stock valued at $88,574,000 after purchasing an additional 75,819 shares in the last quarter. Finally, LPL Financial LLC grew its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.2% in the fourth quarter. LPL Financial LLC now owns 2,012,341 shares of the company’s stock valued at $83,754,000 after purchasing an additional 42,384 shares in 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. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.