Golden State Wealth Management LLC Cuts Stock Holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)

Golden State Wealth Management LLC lowered its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 2.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,645 shares of the company’s stock after selling 1,023 shares during the quarter. Golden State Wealth Management LLC owned about 0.14% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $1,249,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Bank of Montreal Can bought a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 4th quarter valued at approximately $41,000. Jones Financial Companies Lllp lifted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 32.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,571 shares of the company’s stock valued at $114,000 after purchasing an additional 871 shares during the last quarter. Vise Technologies Inc. purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 4th quarter worth $212,000. Orion Portfolio Solutions LLC grew its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 14.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 7,574 shares of the company’s stock worth $242,000 after buying an additional 937 shares in the last quarter. Finally, LifePlan Investment Advisors Inc. bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 4th quarter worth about $243,000.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Up 0.3%

Shares of NYSEARCA GEM opened at $37.58 on Friday. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 13.33 and a beta of 0.72. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 12-month low of $29.19 and a 12-month high of $37.64. The firm’s 50-day moving average price is $35.51 and its 200-day moving average price is $33.61.

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.