Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM is Arvest Bank Trust Division’s 9th Largest Position

Arvest Bank Trust Division lowered its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 1.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,143,440 shares of the company’s stock after selling 21,385 shares during the period. Goldman Sachs ActiveBeta Emerging Markets Equity ETF accounts for 2.6% of Arvest Bank Trust Division’s holdings, making the stock its 9th biggest position. Arvest Bank Trust Division’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $47,590,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GEM. Integrated Wealth Concepts LLC lifted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 12.7% during the first quarter. Integrated Wealth Concepts LLC now owns 13,421 shares of the company’s stock worth $445,000 after buying an additional 1,509 shares during the period. NewEdge Advisors LLC increased its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.7% during the first quarter. NewEdge Advisors LLC now owns 19,778 shares of the company’s stock worth $656,000 after purchasing an additional 883 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 989.6% during the second quarter. JPMorgan Chase & Co. now owns 11,495 shares of the company’s stock worth $428,000 after purchasing an additional 10,440 shares in the last quarter. Marshall Wace LLP increased its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 722.4% during the second quarter. Marshall Wace LLP now owns 147,817 shares of the company’s stock worth $5,500,000 after purchasing an additional 129,843 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.3% during the second quarter. Raymond James Financial Inc. now owns 392,021 shares of the company’s stock worth $14,587,000 after purchasing an additional 4,982 shares in the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Up 3.8%

Shares of GEM stock opened at $51.81 on Wednesday. The business’s fifty day simple moving average is $46.90 and its 200-day simple moving average is $44.73. The company has a market cap of $1.67 billion, a PE ratio of 13.33 and a beta of 0.68. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 12-month low of $34.57 and a 12-month high of $51.82.

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.