SigFig Wealth Management LLC reduced its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM – Free Report) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,274,394 shares of the company’s stock after selling 82,922 shares during the period. Goldman Sachs ActiveBeta Emerging Markets Equity ETF comprises about 4.2% of SigFig Wealth Management LLC’s holdings, making the stock its 8th largest position. SigFig Wealth Management LLC owned approximately 9.46% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $167,321,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in GEM. American National Bank & Trust bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter valued at approximately $12,723,000. Envestnet Portfolio Solutions Inc. raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 82.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 394,433 shares of the company’s stock valued at $20,511,000 after acquiring an additional 178,228 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 108.5% in the second quarter. Envestnet Asset Management Inc. now owns 3,127,532 shares of the company’s stock valued at $162,632,000 after acquiring an additional 1,627,669 shares during the last quarter. Archford Capital Strategies LLC acquired a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the second quarter valued at approximately $204,000. Finally, Integrated Wealth Concepts LLC grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.1% in the second quarter. Integrated Wealth Concepts LLC now owns 32,744 shares of the company’s stock worth $1,703,000 after acquiring an additional 1,283 shares in the last quarter.
Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Down 1.2%
Shares of GEM traded down $0.64 during mid-day trading on Wednesday, hitting $51.41. 76,637 shares of the company’s stock were exchanged, compared to its average volume of 135,165. The firm has a fifty day moving average of $51.00 and a two-hundred day moving average of $49.67. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a twelve month low of $39.63 and a twelve month high of $54.29. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 13.33 and a beta of 0.71.
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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