Commonwealth Equity Services LLC bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM – Free Report) in the third quarter, Holdings Channel reports. The fund bought 256,300 shares of the company’s stock, valued at approximately $13,097,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Founders Financial Securities LLC bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter worth approximately $329,000. D.A. Davidson & CO. purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter valued at $319,000. Sigma Planning Corp purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter valued at $398,000. Root Financial Partners LLC purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter valued at $52,000. Finally, Arvest Investments Inc. purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter valued at $22,266,000.
Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance
GEM stock opened at $47.58 on Thursday. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 11.67 and a beta of 0.76. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a fifty-two week low of $40.18 and a fifty-two week high of $54.29. The stock has a fifty day moving average of $49.76 and a 200-day moving average of $48.70.
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.
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