Golden State Wealth Management LLC decreased its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM – Free Report) by 8.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 34,402 shares of the company’s stock after selling 3,243 shares during the quarter. Golden State Wealth Management LLC’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $1,280,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Independence Bank of Kentucky bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 2nd quarter worth $32,000. Bank of Montreal Can purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 2nd quarter worth about $37,000. Private Trust Co. NA boosted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 29.6% in the 2nd quarter. Private Trust Co. NA now owns 2,149 shares of the company’s stock worth $80,000 after buying an additional 491 shares during the last quarter. Naviter Wealth LLC purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 2nd quarter worth about $216,000. Finally, Mengis Capital Management Inc. purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 2nd quarter worth about $221,000.
Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Up 0.9%
NYSEARCA GEM opened at $42.03 on Thursday. The company has a market cap of $1.18 billion, a PE ratio of 13.33 and a beta of 0.62. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52 week low of $29.19 and a 52 week high of $42.92. The firm’s 50-day simple moving average is $40.75 and its two-hundred day simple moving average is $37.90.
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.
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Want to see what other hedge funds are holding GEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM – Free Report).
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