Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sets New 1-Year Low – Here’s Why

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)’s share price hit a new 52-week low on Monday . The stock traded as low as $29.50 and last traded at $29.56, with a volume of 5275 shares. The stock had previously closed at $31.01.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

The company has a market cap of $801.08 million, a P/E ratio of 13.28 and a beta of 0.63. The business’s 50 day moving average price is $33.21 and its 200-day moving average price is $33.43.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GEM. Bank of Montreal Can acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 4th quarter worth $41,000. Private Trust Co. NA boosted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 38.3% in the fourth quarter. Private Trust Co. NA now owns 1,633 shares of the company’s stock valued at $52,000 after acquiring an additional 452 shares during the last quarter. Jones Financial Companies Lllp increased its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,571 shares of the company’s stock worth $114,000 after purchasing an additional 871 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter worth about $136,000. Finally, Vise Technologies Inc. acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 4th quarter valued at about $212,000.

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.