American National Bank & Trust Boosts Holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

American National Bank & Trust raised its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 38.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 175,942 shares of the company’s stock after purchasing an additional 48,975 shares during the period. American National Bank & Trust owned 0.63% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $7,166,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Salomon & Ludwin LLC purchased a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter valued at approximately $25,000. Independence Bank of Kentucky purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the second quarter valued at $32,000. Bank of Montreal Can purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the second quarter valued at $37,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 171.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,560 shares of the company’s stock valued at $58,000 after acquiring an additional 985 shares during the last quarter. Finally, Private Trust Co. NA increased its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 29.6% during the 2nd quarter. Private Trust Co. NA now owns 2,149 shares of the company’s stock worth $80,000 after purchasing an additional 491 shares in the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Up 2.4%

Shares of GEM stock opened at $42.62 on Friday. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 13.33 and a beta of 0.62. The firm has a 50-day moving average price of $41.75 and a 200 day moving average price of $39.90. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a twelve month low of $29.19 and a twelve month high of $42.92.

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