Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Shares Acquired by LPL Financial LLC

LPL Financial LLC lifted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 14.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,810,975 shares of the company’s stock after purchasing an additional 234,557 shares during the quarter. LPL Financial LLC owned about 6.62% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $60,088,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Bank of Montreal Can acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter valued at $41,000. U.S. Capital Wealth Advisors LLC acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the first quarter valued at $202,000. Vise Technologies Inc. purchased a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter valued at about $212,000. Orion Portfolio Solutions LLC lifted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 14.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 7,574 shares of the company’s stock worth $242,000 after purchasing an additional 937 shares in the last quarter. Finally, LifePlan Investment Advisors Inc. acquired a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the fourth quarter worth about $243,000.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

Shares of GEM opened at $37.42 on Friday. The stock’s 50-day moving average is $36.68 and its two-hundred day moving average is $34.28. The stock has a market cap of $1.03 billion, a PE 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 $38.39.

About Goldman Sachs ActiveBeta Emerging Markets Equity ETF

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.