Envestnet Portfolio Solutions Inc. Acquires 13,513 Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

Envestnet Portfolio Solutions Inc. grew its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 10.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 143,502 shares of the company’s stock after purchasing an additional 13,513 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $5,845,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of GEM. Betterment LLC boosted its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 19.2% during the second quarter. Betterment LLC now owns 2,098,854 shares of the company’s stock worth $78,098,000 after acquiring an additional 338,086 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 815,464 shares of the company’s stock worth $30,343,000 after purchasing an additional 36,621 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.3% during the 2nd quarter. Raymond James Financial Inc. now owns 392,021 shares of the company’s stock valued at $14,587,000 after purchasing an additional 4,982 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.4% during the 2nd quarter. Cetera Investment Advisers now owns 350,522 shares of the company’s stock valued at $13,043,000 after purchasing an additional 4,680 shares during the last quarter. Finally, Strategic Financial Services Inc. grew its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 13.8% during the second quarter. Strategic Financial Services Inc. now owns 245,844 shares of the company’s stock valued at $9,148,000 after purchasing an additional 29,787 shares in the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Up 0.6%

Shares of GEM stock opened at $44.88 on Friday. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 13.33 and a beta of 0.62. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 12-month low of $29.19 and a 12-month high of $44.92. The stock’s 50-day moving average price is $42.22 and its 200-day moving average price is $40.65.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Company 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. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.