Brown Advisory Inc. purchased a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM – Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 11,968 shares of the company’s stock, valued at approximately $397,000.
Several other hedge funds and other institutional investors have also modified their holdings of GEM. Bank of Montreal Can bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 4th quarter worth about $41,000. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 1st quarter worth about $202,000. Vise Technologies Inc. bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 4th quarter worth about $212,000. Orion Portfolio Solutions LLC raised its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 14.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 7,574 shares of the company’s stock worth $242,000 after buying an additional 937 shares in the last quarter. Finally, LifePlan Investment Advisors Inc. bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 4th quarter worth approximately $243,000.
Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance
NYSEARCA GEM opened at $37.54 on Wednesday. The company’s 50 day simple moving average is $36.00 and its 200 day simple moving average is $33.84. The company has a market capitalization of $1.04 billion, a P/E ratio of 13.33 and a beta of 0.72. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 12 month low of $29.19 and a 12 month high of $37.66.
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.
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