Envestnet Portfolio Solutions Inc. Increases Position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)

Envestnet Portfolio Solutions Inc. lifted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 1.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 145,087 shares of the company’s stock after acquiring an additional 1,938 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $4,631,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GEM. Private Trust Co. NA boosted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 38.3% in the 4th quarter. Private Trust Co. NA now owns 1,633 shares of the company’s stock worth $52,000 after buying an additional 452 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,571 shares of the company’s stock worth $114,000 after buying an additional 871 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter worth approximately $136,000. Raymond James Trust N.A. purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter worth approximately $216,000. Finally, Global Retirement Partners LLC boosted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 47.2% in the 4th quarter. Global Retirement Partners LLC now owns 6,778 shares of the company’s stock worth $216,000 after buying an additional 2,173 shares during the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Down 0.6 %

Shares of NYSEARCA GEM opened at $34.14 on Wednesday. The company has a market capitalization of $897.88 million, a PE ratio of 13.52 and a beta of 0.72. The stock’s 50 day moving average price is $32.84 and its 200-day moving average price is $33.36. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a twelve month low of $30.36 and a twelve month high of $36.16.

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.