Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM Stake Lowered by GFG Capital LLC

GFG Capital LLC trimmed its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 50.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,570 shares of the company’s stock after selling 71,615 shares during the quarter. Goldman Sachs ActiveBeta Emerging Markets Equity ETF comprises 0.9% of GFG Capital LLC’s portfolio, making the stock its 29th largest position. GFG Capital LLC owned approximately 0.21% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $3,670,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GEM. World Investment Advisors bought a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the fourth quarter worth about $593,000. CENTRAL TRUST Co lifted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 8.7% in the 1st quarter. CENTRAL TRUST Co now owns 141,925 shares of the company’s stock valued at $6,131,000 after purchasing an additional 11,301 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 7,076.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 40,692 shares of the company’s stock valued at $1,694,000 after purchasing an additional 40,125 shares during the last quarter. Anchor Investment Management LLC boosted its stake in 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 valued at $5,667,000 after purchasing an additional 10,017 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 20.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 172,389 shares of the company’s stock worth $7,175,000 after purchasing an additional 28,887 shares during the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Up 0.2%

Shares of NYSEARCA:GEM opened at $52.53 on Wednesday. The firm’s 50 day moving average is $50.28 and its two-hundred day moving average is $48.81. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52 week low of $39.33 and a 52 week high of $54.29. The firm has a market capitalization of $1.79 billion, a P/E 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.