Baird Financial Group Inc. Reduces Stock Holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)

Baird Financial Group Inc. trimmed its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,390 shares of the company’s stock after selling 1,917 shares during the period. Baird Financial Group Inc. owned about 0.10% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $938,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of GEM. Bank of Montreal Can purchased a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter worth about $41,000. Private Trust Co. NA boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 38.3% in the fourth quarter. Private Trust Co. NA now owns 1,633 shares of the company’s stock worth $52,000 after purchasing an additional 452 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,571 shares of the company’s stock worth $114,000 after purchasing an additional 871 shares during the last quarter. Global Retirement Partners LLC boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 47.2% in the fourth 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 during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 14.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 7,574 shares of the company’s stock worth $242,000 after purchasing an additional 937 shares during the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Up 0.4%

GEM stock opened at $35.18 on Thursday. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a twelve month low of $29.19 and a twelve month high of $36.16. The stock has a market cap of $962.17 million, a P/E ratio of 12.64 and a beta of 0.63. The business’s 50-day moving average price is $32.94 and its 200-day moving average price is $32.99.

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.