SigFig Wealth Management LLC Lowers Position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

SigFig Wealth Management LLC lessened its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,220,033 shares of the company’s stock after selling 83,479 shares during the period. Goldman Sachs ActiveBeta Emerging Markets Equity ETF makes up approximately 4.0% of SigFig Wealth Management LLC’s holdings, making the stock its 8th largest position. SigFig Wealth Management LLC owned about 0.12% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $130,604,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Baird Financial Group Inc. increased its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 38.4% during the first quarter. Baird Financial Group Inc. now owns 40,669 shares of the company’s stock valued at $1,349,000 after buying an additional 11,279 shares during the last quarter. Comerica Bank boosted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 27.9% during the 1st quarter. Comerica Bank now owns 11,941 shares of the company’s stock worth $396,000 after acquiring an additional 2,602 shares during the last quarter. Truist Financial Corp grew its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 8.7% during the 2nd quarter. Truist Financial Corp now owns 23,996 shares of the company’s stock valued at $893,000 after acquiring an additional 1,918 shares during the period. Betterment LLC increased its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 19.2% in the 2nd quarter. Betterment LLC now owns 2,098,854 shares of the company’s stock worth $78,098,000 after purchasing an additional 338,086 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 2nd quarter worth $978,000.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF stock opened at $42.62 on Friday. The stock’s fifty day moving average is $41.75 and its 200 day moving average is $39.90. The stock has a market cap of $1.19 billion, a P/E ratio of 13.33 and a beta of 0.62. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a one year low of $29.19 and a one year high of $42.92.

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. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.