NewEdge Advisors LLC boosted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM – Free Report) by 142.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,062 shares of the company’s stock after purchasing an additional 32,330 shares during the quarter. NewEdge Advisors LLC’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $2,379,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors bought a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter valued at about $593,000. CENTRAL TRUST Co lifted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 8.7% during the 1st quarter. CENTRAL TRUST Co now owns 141,925 shares of the company’s stock worth $6,131,000 after buying an additional 11,301 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 7,076.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 40,692 shares of the company’s stock worth $1,694,000 after buying an additional 40,125 shares during the last quarter. Anchor Investment Management LLC boosted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 8.3% during the 1st quarter. Anchor Investment Management LLC now owns 131,190 shares of the company’s stock worth $5,667,000 after buying an additional 10,017 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 20.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 172,389 shares of the company’s stock worth $7,175,000 after buying an additional 28,887 shares during the period.
Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance
Shares of GEM opened at $51.00 on Friday. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52 week low of $38.10 and a 52 week high of $54.29. The firm has a market cap of $1.74 billion, a P/E ratio of 13.33 and a beta of 0.71. The firm’s 50-day simple moving average is $50.43 and its 200 day simple moving average is $48.14.
Goldman Sachs ActiveBeta Emerging Markets Equity ETF 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.
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