Wealth Enhancement Advisory Services LLC cut its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM – Free Report) by 16.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 147,258 shares of the company’s stock after selling 28,224 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.46% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $4,384,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Belpointe Asset Management LLC acquired a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 4th quarter worth approximately $26,000. Fortis Capital Advisors LLC bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 4th quarter valued at $26,000. Morris Financial Concepts Inc. boosted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 176.5% in the 4th quarter. Morris Financial Concepts Inc. now owns 1,034 shares of the company’s stock valued at $29,000 after purchasing an additional 660 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 283.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,184 shares of the company’s stock valued at $34,000 after purchasing an additional 875 shares during the period. Finally, Almanack Investment Partners LLC. bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter valued at $38,000.
Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance
GEM opened at $29.74 on Monday. The business has a fifty day simple moving average of $29.86 and a 200 day simple moving average of $29.76. The company has a market capitalization of $975.47 million, a PE ratio of 9.32 and a beta of 0.72. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 1 year low of $25.11 and a 1 year high of $31.59.
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.
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