Elevation Point Wealth Partners LLC increased its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM – Free Report) by 41.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,105 shares of the company’s stock after buying an additional 62,369 shares during the period. Elevation Point Wealth Partners LLC owned about 0.67% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $9,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Asset Planning Inc. lifted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 196.4% during the first quarter. Harbor Asset Planning Inc. now owns 993 shares of the company’s stock worth $43,000 after buying an additional 658 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter valued at $42,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 261.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,051 shares of the company’s stock worth $85,000 after buying an additional 1,484 shares in the last quarter. American Trust purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 4th quarter worth $86,000. Finally, Transamerica Financial Advisors LLC boosted its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 19.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 2,136 shares of the company’s stock worth $89,000 after acquiring an additional 351 shares in the last quarter.
Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Down 0.8%
GEM stock opened at $50.21 on Friday. The company’s 50 day moving average is $50.74 and its two-hundred day moving average is $46.65. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a twelve month low of $36.97 and a twelve month high of $54.29. The stock has a market cap of $1.65 billion, a P/E ratio of 13.33 and a beta of 0.70.
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.
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