Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC reduced its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 5.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 940,014 shares of the company’s stock after selling 58,583 shares during the period. HB Wealth Management LLC’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $40,609,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GEM. Transamerica Financial Advisors LLC boosted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 19.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 2,136 shares of the company’s stock worth $89,000 after acquiring an additional 351 shares during the period. Edge Financial Advisors LLC grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.2% in the fourth quarter. Edge Financial Advisors LLC now owns 19,242 shares of the company’s stock valued at $799,000 after acquiring an additional 422 shares in the last quarter. Orion Porfolio Solutions LLC grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.1% in the fourth quarter. Orion Porfolio Solutions LLC now owns 12,419 shares of the company’s stock valued at $517,000 after acquiring an additional 484 shares in the last quarter. Prostatis Group LLC raised its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.0% during the fourth quarter. Prostatis Group LLC now owns 32,805 shares of the company’s stock valued at $1,365,000 after purchasing an additional 637 shares during the period. Finally, Harbor Asset Planning Inc. raised its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 196.4% during the first quarter. Harbor Asset Planning Inc. now owns 993 shares of the company’s stock valued at $43,000 after purchasing an additional 658 shares during the period.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

NYSEARCA GEM opened at $50.21 on Friday. The company’s fifty day simple moving average is $50.78 and its 200-day simple moving average is $46.67. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52 week low of $36.97 and a 52 week high of $54.29. The stock has a market cap of $1.65 billion, a P/E ratio of 13.33 and a beta of 0.70.

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