Commonwealth Equity Services LLC Increases Position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)

Commonwealth Equity Services LLC increased its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 171,922 shares of the company’s stock after buying an additional 3,401 shares during the period. Commonwealth Equity Services LLC’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $5,617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GEM. EverSource Wealth Advisors LLC purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter valued at $37,000. GPS Wealth Strategies Group LLC raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 30.1% during the second 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 holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 34.4% in the first quarter. Morris Financial Concepts Inc. now owns 2,027 shares of the company’s stock valued at $64,000 after purchasing an additional 519 shares in the last quarter. Hexagon Capital Partners LLC grew its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 29.5% in the first quarter. Hexagon Capital Partners LLC now owns 9,214 shares of the company’s stock valued at $289,000 after purchasing an additional 2,099 shares during the last quarter. Finally, &PARTNERS purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 2nd quarter worth approximately $318,000.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF stock opened at $32.13 on Friday. The business has a 50 day moving average price of $32.88 and a 200 day moving average price of $32.17. The company has a market capitalization of $951.05 million, a P/E ratio of 10.62 and a beta of 0.79. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 1 year low of $27.54 and a 1 year high of $34.13.

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.