Atwood & Palmer Inc. bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 41,918 shares of the company’s stock, valued at approximately $2,142,000.
A number of other institutional investors and hedge funds have also modified their holdings of GEM. American National Bank & Trust acquired a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter worth about $12,723,000. Envestnet Portfolio Solutions Inc. lifted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 82.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 394,433 shares of the company’s stock valued at $20,511,000 after buying an additional 178,228 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 108.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,127,532 shares of the company’s stock worth $162,632,000 after buying an additional 1,627,669 shares during the last quarter. Archford Capital Strategies LLC acquired a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 2nd quarter worth about $204,000. Finally, Integrated Wealth Concepts LLC increased its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 32,744 shares of the company’s stock worth $1,703,000 after buying an additional 1,283 shares in the last quarter.
Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Down 1.9%
NYSEARCA:GEM traded down $1.00 during trading hours on Thursday, hitting $50.37. 365,378 shares of the stock were exchanged, compared to its average volume of 136,746. The firm’s fifty day moving average price is $51.09 and its 200 day moving average price is $49.73. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52-week low of $39.63 and a 52-week high of $54.29. The company has a market cap of $1.74 billion, a P/E ratio of 13.33 and a beta of 0.71.
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.
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