Morris Financial Concepts Inc. Raises Stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)

Morris Financial Concepts Inc. lifted its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 202.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,449 shares of the company’s stock after buying an additional 7,665 shares during the quarter. Morris Financial Concepts Inc.’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $365,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. HighTower Advisors LLC grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 26.3% in the third quarter. HighTower Advisors LLC now owns 9,831 shares of the company’s stock valued at $345,000 after purchasing an additional 2,045 shares during the period. Sanctuary Advisors LLC grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 8.2% in the third quarter. Sanctuary Advisors LLC now owns 7,595 shares of the company’s stock valued at $252,000 after purchasing an additional 578 shares during the period. Truist Financial Corp grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 10.8% in the second quarter. Truist Financial Corp now owns 20,370 shares of the company’s stock valued at $665,000 after purchasing an additional 1,980 shares during the period. Edge Financial Advisors LLC grew its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.4% during the fourth quarter. Edge Financial Advisors LLC now owns 23,833 shares of the company’s stock worth $761,000 after buying an additional 562 shares during the period. Finally, Integrated Wealth Concepts LLC grew its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 10.9% during the third quarter. Integrated Wealth Concepts LLC now owns 13,066 shares of the company’s stock worth $459,000 after buying an additional 1,289 shares during the period.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Up 0.5 %

GEM opened at $33.18 on Thursday. The company has a 50 day moving average of $32.59 and a two-hundred day moving average of $33.24. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52-week low of $29.87 and a 52-week high of $36.16. The company has a market cap of $982.13 million, a P/E ratio of 10.62 and a beta of 0.79.

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.