Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 554,451 shares of the company’s stock after purchasing an additional 20,774 shares during the quarter. Envestnet Asset Management Inc. owned about 1.87% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $18,114,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in GEM. EverSource Wealth Advisors LLC acquired a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 4th quarter valued at $37,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 166,905 shares of the company’s stock valued at $5,122,000 after acquiring an additional 2,440 shares in the last quarter. Cetera Advisor Networks LLC lifted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.9% during the 4th quarter. Cetera Advisor Networks LLC now owns 129,496 shares of the company’s stock valued at $3,974,000 after acquiring an additional 5,995 shares in the last quarter. Apella Capital LLC lifted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.7% during the 1st quarter. Apella Capital LLC now owns 586,820 shares of the company’s stock valued at $18,693,000 after acquiring an additional 9,602 shares in the last quarter. Finally, Morris Financial Concepts Inc. lifted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 34.4% during the 1st quarter. Morris Financial Concepts Inc. now owns 2,027 shares of the company’s stock valued at $64,000 after acquiring an additional 519 shares in the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

Shares of GEM stock opened at $33.62 on Tuesday. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 12 month low of $27.54 and a 12 month high of $34.13. The firm has a market capitalization of $995.15 million, a P/E ratio of 10.62 and a beta of 0.79. The company’s fifty day moving average price is $32.76 and its two-hundred day moving average price is $32.33.

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.