Arvest Investments Inc. Sells 23,445 Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

Arvest Investments Inc. lowered its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 5.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 422,781 shares of the company’s stock after selling 23,445 shares during the quarter. Goldman Sachs ActiveBeta Emerging Markets Equity ETF makes up about 2.5% of Arvest Investments Inc.’s investment portfolio, making the stock its 11th largest position. Arvest Investments Inc. owned approximately 1.51% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $17,220,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GEM. Goldman Sachs Group Inc. lifted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 16.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,727,982 shares of the company’s stock valued at $90,514,000 after purchasing an additional 379,423 shares during the period. Betterment LLC increased its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 19.2% in the second quarter. Betterment LLC now owns 2,098,854 shares of the company’s stock valued at $78,098,000 after purchasing an additional 338,086 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.7% in the second quarter. Envestnet Asset Management Inc. now owns 815,464 shares of the company’s stock worth $30,343,000 after purchasing an additional 36,621 shares during the period. Raymond James Financial Inc. raised its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.3% during the 2nd quarter. Raymond James Financial Inc. now owns 392,021 shares of the company’s stock worth $14,587,000 after buying an additional 4,982 shares during the period. Finally, Cetera Investment Advisers lifted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.4% in the second quarter. Cetera Investment Advisers now owns 350,522 shares of the company’s stock valued at $13,043,000 after buying an additional 4,680 shares in the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Up 0.9%

Shares of NYSEARCA GEM opened at $41.84 on Monday. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 1-year low of $29.19 and a 1-year high of $42.92. The company has a fifty day moving average price of $41.70 and a 200 day moving average price of $39.56. The firm has a market cap of $1.17 billion, a PE ratio of 13.33 and a beta of 0.62.

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.