Ascentis Independent Advisors Buys 14,460 Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

Ascentis Independent Advisors raised its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 123.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,156 shares of the company’s stock after acquiring an additional 14,460 shares during the quarter. Ascentis Independent Advisors’ holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $1,130,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of GEM. Harbor Asset Planning Inc. lifted its position in shares of 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 4th quarter worth approximately $42,000. Northwestern Mutual Wealth Management Co. raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 261.7% in the 4th 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 last quarter. American Trust acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 4th quarter worth $86,000. Finally, Transamerica Financial Advisors LLC lifted its holdings in 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 buying an additional 351 shares in the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

NYSEARCA GEM opened at $50.20 on Wednesday. The stock has a market capitalization of $1.65 billion, a P/E ratio of 13.33 and a beta of 0.70. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52 week low of $36.97 and a 52 week high of $54.29. The stock has a fifty day moving average of $50.90 and a 200-day moving average of $46.85.

About Goldman Sachs ActiveBeta Emerging Markets Equity ETF

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.