Betterment LLC Has $88.57 Million Stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

Betterment LLC grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,174,673 shares of the company’s stock after purchasing an additional 75,819 shares during the period. Betterment LLC owned approximately 7.77% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $88,574,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 12.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 915,829 shares of the company’s stock valued at $37,302,000 after buying an additional 100,365 shares during the last quarter. American National Bank & Trust boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 38.6% during the 3rd quarter. American National Bank & Trust now owns 175,942 shares of the company’s stock worth $7,166,000 after acquiring an additional 48,975 shares during the last quarter. Empirical Asset Management LLC acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter worth approximately $622,000. Cetera Investment Advisers grew its position 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 purchasing an additional 4,680 shares in the last quarter. Finally, CENTRAL TRUST Co grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 14.9% in the third quarter. CENTRAL TRUST Co now owns 119,839 shares of the company’s stock valued at $4,881,000 after purchasing an additional 15,522 shares in the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:GEM opened at $43.17 on Friday. The company’s 50-day moving average price is $45.15 and its two-hundred day moving average price is $42.49. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a one year low of $29.19 and a one year high of $48.25. The stock has a market capitalization of $1.27 billion, a PE ratio of 13.33 and a beta of 0.62.

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.