Raymond James Financial Inc. Buys New Position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)

Raymond James Financial Inc. acquired a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,610,736 shares of the company’s stock, valued at approximately $51,415,000. Raymond James Financial Inc. owned about 0.05% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Private Trust Co. NA increased its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 38.3% during the 4th quarter. Private Trust Co. NA now owns 1,633 shares of the company’s stock valued at $52,000 after acquiring an additional 452 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 32.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,571 shares of the company’s stock valued at $114,000 after acquiring an additional 871 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter valued at about $136,000. Raymond James Trust N.A. acquired a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter valued at about $216,000. Finally, Global Retirement Partners LLC increased its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 47.2% during the 4th quarter. Global Retirement Partners LLC now owns 6,778 shares of the company’s stock worth $216,000 after purchasing an additional 2,173 shares in the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

GEM opened at $33.02 on Wednesday. The firm has a 50 day moving average price of $32.67 and a 200 day moving average price of $33.34. The company has a market cap of $868.43 million, a PE ratio of 13.36 and a beta of 0.71. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 1 year low of $30.36 and a 1 year high of $36.16.

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.