Truist Financial Corp Sells 15,917 Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

Truist Financial Corp lessened its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 74.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,387 shares of the company’s stock after selling 15,917 shares during the quarter. Truist Financial Corp’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $224,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GEM. Root Financial Partners LLC bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter worth $42,000. Jones Financial Companies Lllp raised its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 27.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,930 shares of the company’s stock worth $118,000 after acquiring an additional 637 shares during the period. Perigon Wealth Management LLC bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 4th quarter worth $205,000. Wealthfront Advisers LLC bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter worth $227,000. Finally, Naviter Wealth LLC bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 4th quarter worth $242,000.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

NYSEARCA:GEM opened at $49.89 on Friday. The firm’s 50-day moving average is $46.59 and its 200-day moving average is $44.59. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52-week low of $34.57 and a 52-week high of $51.53. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 13.33 and a beta of 0.68.

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