Gladstone Institutional Advisory LLC Grows Stock Holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)

Gladstone Institutional Advisory LLC raised its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 1.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 119,813 shares of the company’s stock after buying an additional 1,567 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $3,824,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter worth approximately $50,000. Wilmington Savings Fund Society FSB purchased a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the third quarter worth $136,000. Naviter Wealth LLC purchased a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the third quarter worth $204,000. Raymond James Trust N.A. acquired a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the third quarter valued at $216,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the second quarter valued at $220,000.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Down 0.2 %

Shares of NYSEARCA GEM opened at $33.02 on Wednesday. The company’s 50-day moving average price is $32.60 and its 200 day moving average price is $33.23. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52 week low of $29.87 and a 52 week high of $36.16. The stock has a market cap of $977.39 million, a price-to-earnings ratio of 10.62 and a beta of 0.79.

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.