Gateway Wealth Partners LLC Buys New Stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

Gateway Wealth Partners LLC bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,737 shares of the company’s stock, valued at approximately $464,000.

Several other hedge funds also recently bought and sold shares of GEM. Integrated Wealth Concepts LLC raised its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 12.7% in the first quarter. Integrated Wealth Concepts LLC now owns 13,421 shares of the company’s stock worth $445,000 after acquiring an additional 1,509 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.7% during the first quarter. NewEdge Advisors LLC now owns 19,778 shares of the company’s stock valued at $656,000 after acquiring an additional 883 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 989.6% during the second quarter. JPMorgan Chase & Co. now owns 11,495 shares of the company’s stock valued at $428,000 after acquiring an additional 10,440 shares during the last quarter. Marshall Wace LLP increased its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 722.4% during the 2nd quarter. Marshall Wace LLP now owns 147,817 shares of the company’s stock worth $5,500,000 after purchasing an additional 129,843 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.3% during the 2nd quarter. Raymond James Financial Inc. now owns 392,021 shares of the company’s stock worth $14,587,000 after purchasing an additional 4,982 shares in the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Up 0.7%

Shares of GEM stock opened at $49.03 on Friday. The firm has a 50-day moving average price of $50.75 and a 200 day moving average price of $47.71. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a twelve month low of $36.97 and a twelve month high of $54.29. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 13.33 and a beta of 0.70.

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. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.