Apella Capital LLC Decreases Holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

Apella Capital LLC trimmed its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 10.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 260,903 shares of the company’s stock after selling 30,576 shares during the quarter. Apella Capital LLC owned 0.89% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $10,859,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GEM. Integrated Wealth Concepts LLC grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 12.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 13,421 shares of the company’s stock valued at $445,000 after purchasing an additional 1,509 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.7% during the 1st quarter. NewEdge Advisors LLC now owns 19,778 shares of the company’s stock valued at $656,000 after purchasing an additional 883 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 989.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,495 shares of the company’s stock valued at $428,000 after purchasing an additional 10,440 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 171.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,560 shares of the company’s stock valued at $58,000 after purchasing an additional 985 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 722.4% during the 2nd quarter. Marshall Wace LLP now owns 147,817 shares of the company’s stock valued at $5,500,000 after purchasing an additional 129,843 shares during the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Up 0.7%

Shares of NYSEARCA:GEM opened at $43.45 on Tuesday. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 13.33 and a beta of 0.62. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 12 month low of $29.19 and a 12 month high of $48.25. The firm’s 50-day moving average is $44.96 and its 200 day moving average is $42.99.

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.