NewEdge Advisors LLC Purchases 32,330 Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

NewEdge Advisors LLC raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 142.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,062 shares of the company’s stock after acquiring an additional 32,330 shares during the quarter. NewEdge Advisors LLC owned approximately 0.17% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $2,379,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Syntegra Private Wealth Group LLC increased its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.7% during the 1st quarter. Syntegra Private Wealth Group LLC now owns 16,631 shares of the company’s stock worth $718,000 after purchasing an additional 281 shares during the last quarter. Transamerica Financial Advisors LLC lifted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 19.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 2,136 shares of the company’s stock valued at $89,000 after purchasing an additional 351 shares during the last quarter. Edge Financial Advisors LLC lifted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.2% in the 4th quarter. Edge Financial Advisors LLC now owns 19,242 shares of the company’s stock valued at $799,000 after purchasing an additional 422 shares during the last quarter. Orion Porfolio Solutions LLC grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.1% during the fourth quarter. Orion Porfolio Solutions LLC now owns 12,419 shares of the company’s stock worth $517,000 after purchasing an additional 484 shares during the period. Finally, Prostatis Group LLC grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.0% during the fourth quarter. Prostatis Group LLC now owns 32,805 shares of the company’s stock worth $1,365,000 after purchasing an additional 637 shares during the period.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Down 0.0%

Shares of NYSEARCA GEM opened at $51.00 on Friday. The business’s 50 day moving average price is $50.43 and its two-hundred day moving average price is $48.14. The company has a market cap of $1.74 billion, a PE ratio of 13.33 and a beta of 0.71. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a twelve month low of $38.10 and a twelve month high of $54.29.

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