Envestnet Portfolio Solutions Inc. Acquires 13,513 Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

Envestnet Portfolio Solutions Inc. boosted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 10.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 143,502 shares of the company’s stock after acquiring an additional 13,513 shares during the quarter. Envestnet Portfolio Solutions Inc. owned 0.51% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $5,845,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Root Financial Partners LLC bought a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the third quarter worth approximately $42,000. CoreCap Advisors LLC increased its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.6% in the 3rd quarter. CoreCap Advisors LLC now owns 136,877 shares of the company’s stock worth $5,575,000 after buying an additional 4,771 shares during the last quarter. Greenspring Advisors LLC purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter valued at $250,000. Endeavor Private Wealth Inc. bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter worth $203,000. Finally, Clay Northam Wealth Management LLC grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 6.3% in the third quarter. Clay Northam Wealth Management LLC now owns 56,828 shares of the company’s stock worth $2,315,000 after acquiring an additional 3,371 shares in the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Up 0.6%

GEM opened at $44.88 on Friday. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52 week low of $29.19 and a 52 week high of $44.92. The stock has a market cap of $1.31 billion, a PE ratio of 13.33 and a beta of 0.62. The business’s fifty day simple moving average is $42.22 and its 200 day simple moving average is $40.65.

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.