Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC reduced its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 5.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 940,014 shares of the company’s stock after selling 58,583 shares during the period. HB Wealth Management LLC owned 2.94% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $40,609,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GEM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter valued at approximately $42,000. Harbor Asset Planning Inc. raised its stake 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 purchasing an additional 658 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in 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 purchasing an additional 1,484 shares during the period. American Trust acquired a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 4th quarter valued at $86,000. Finally, Transamerica Financial Advisors LLC boosted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 19.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 2,136 shares of the company’s stock valued at $89,000 after purchasing an additional 351 shares during the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA GEM opened at $50.21 on Friday. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52-week low of $36.97 and a 52-week high of $54.29. The firm has a fifty day moving average of $50.78 and a 200-day moving average of $46.67. The stock has a market capitalization of $1.65 billion, a PE 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.