Arvest Bank Trust Division Sells 47,359 Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

Arvest Bank Trust Division lowered its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 3.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,164,825 shares of the company’s stock after selling 47,359 shares during the quarter. Goldman Sachs ActiveBeta Emerging Markets Equity ETF comprises approximately 2.6% of Arvest Bank Trust Division’s portfolio, making the stock its 8th largest holding. Arvest Bank Trust Division’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $47,443,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Betterment LLC lifted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 19.2% during the 2nd quarter. Betterment LLC now owns 2,098,854 shares of the company’s stock valued at $78,098,000 after acquiring an additional 338,086 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 12.3% in the third quarter. Envestnet Asset Management Inc. now owns 915,829 shares of the company’s stock valued at $37,302,000 after purchasing an additional 100,365 shares during the period. Raymond James Financial Inc. raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.3% in the second 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 period. Cetera Investment Advisers lifted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.4% during the second quarter. Cetera Investment Advisers now owns 350,522 shares of the company’s stock worth $13,043,000 after purchasing an additional 4,680 shares in the last quarter. Finally, Strategic Financial Services Inc. boosted its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 13.8% in the second quarter. Strategic Financial Services Inc. now owns 245,844 shares of the company’s stock worth $9,148,000 after buying an additional 29,787 shares during the period.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

GEM stock opened at $46.60 on Tuesday. The firm has a market cap of $1.37 billion, a P/E ratio of 13.33 and a beta of 0.62. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 1 year low of $29.19 and a 1 year high of $47.08. The stock has a 50-day simple moving average of $43.62 and a 200-day simple moving average of $41.58.

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