Naviter Wealth LLC Invests $216,000 in Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

Naviter Wealth LLC bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,813 shares of the company’s stock, valued at approximately $216,000.

Other hedge funds have also recently modified their holdings of the company. LPL Financial LLC boosted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 14.9% in the first quarter. LPL Financial LLC now owns 1,810,975 shares of the company’s stock worth $60,088,000 after buying an additional 234,557 shares during the last quarter. Baird Financial Group Inc. boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 38.4% during the first quarter. Baird Financial Group Inc. now owns 40,669 shares of the company’s stock worth $1,349,000 after purchasing an additional 11,279 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 9.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 102,515 shares of the company’s stock worth $3,401,000 after purchasing an additional 8,621 shares in the last quarter. Comerica Bank boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 27.9% during the first quarter. Comerica Bank now owns 11,941 shares of the company’s stock worth $396,000 after purchasing an additional 2,602 shares in the last quarter. Finally, Atria Wealth Solutions Inc. boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 22.9% during the first quarter. Atria Wealth Solutions Inc. now owns 31,198 shares of the company’s stock worth $1,035,000 after purchasing an additional 5,812 shares in the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Down 1.1%

Shares of GEM stock opened at $40.45 on Wednesday. The company has a market capitalization of $1.13 billion, a P/E ratio of 13.33 and a beta of 0.72. The business’s 50 day moving average is $39.63 and its two-hundred day moving average is $36.70. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 12-month low of $29.19 and a 12-month high of $41.62.

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.