Raymond James Trust N.A. Takes $216,000 Position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)

Raymond James Trust N.A. bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) in the 3rd quarter, Holdings Channel.com reports. The firm bought 6,138 shares of the company’s stock, valued at approximately $216,000.

A number of other institutional investors have also added to or reduced their stakes in GEM. GPS Wealth Strategies Group LLC lifted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 30.1% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,332 shares of the company’s stock worth $44,000 after acquiring an additional 308 shares during the last quarter. Morris Financial Concepts Inc. lifted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 24.1% in the second quarter. Morris Financial Concepts Inc. now owns 2,515 shares of the company’s stock worth $82,000 after purchasing an additional 488 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 23,112 shares of the company’s stock valued at $755,000 after buying an additional 847 shares during the period. Atria Wealth Solutions Inc. grew its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 6.2% during the second quarter. Atria Wealth Solutions Inc. now owns 25,720 shares of the company’s stock valued at $840,000 after buying an additional 1,500 shares during the last quarter. Finally, Blue Trust Inc. purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the third quarter worth about $50,000.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Up 0.2 %

NYSEARCA GEM opened at $33.11 on Friday. The stock has a 50-day moving average of $34.29 and a 200-day moving average of $33.29. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 1-year low of $28.75 and a 1-year high of $36.16. The firm has a market cap of $979.91 million, a PE ratio of 10.62 and a beta of 0.79.

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.