Bank of New York Mellon Corp lifted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM – Free Report) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,606 shares of the company’s stock after acquiring an additional 2,079 shares during the quarter. Bank of New York Mellon Corp’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $817,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of GEM. Wilmington Savings Fund Society FSB purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the third quarter worth approximately $136,000. Raymond James Trust N.A. purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter valued at approximately $216,000. Global Retirement Partners LLC boosted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 47.2% in the 4th quarter. Global Retirement Partners LLC now owns 6,778 shares of the company’s stock worth $216,000 after purchasing an additional 2,173 shares during the period. Orion Portfolio Solutions LLC purchased a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter worth approximately $233,000. Finally, CogentBlue Wealth Advisors LLC acquired a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 4th quarter valued at $245,000.
Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Down 0.1 %
GEM opened at $33.87 on Wednesday. The firm has a market capitalization of $890.78 million, a P/E ratio of 13.52 and a beta of 0.72. The stock has a fifty day moving average of $33.08 and a 200-day moving average of $33.40. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 12-month low of $30.36 and a 12-month high of $36.16.
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.
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