Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sees Large Volume Increase – Here’s What Happened

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) saw unusually-high trading volume on Friday . Approximately 358,360 shares changed hands 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’s 50 day simple moving average is $32.81 and its 200-day simple moving average is $33.31. The company has a market cap of $948.98 million, a price-to-earnings ratio of 10.62 and a beta of 0.79.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the third quarter valued at $50,000. Wilmington Savings Fund Society FSB acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter valued at about $136,000. Naviter Wealth LLC acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter valued at about $204,000. Kathmere Capital Management LLC purchased a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 2nd quarter valued at approximately $207,000. Finally, Raymond James Trust N.A. purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter valued at approximately $216,000.

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.