Gateway Wealth Partners LLC Invests $464,000 in Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

Gateway Wealth Partners LLC bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,737 shares of the company’s stock, valued at approximately $464,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Wells Fargo & Company MN increased its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 7.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,127,553 shares of the company’s stock worth $171,789,000 after purchasing an additional 276,247 shares during the last quarter. SigFig Wealth Management LLC raised its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 0.7% during the fourth quarter. SigFig Wealth Management LLC now owns 3,242,190 shares of the company’s stock worth $134,940,000 after purchasing an additional 22,157 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 0.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,839,340 shares of the company’s stock valued at $118,173,000 after purchasing an additional 9,926 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.2% in the 4th quarter. LPL Financial LLC now owns 2,012,341 shares of the company’s stock valued at $83,754,000 after purchasing an additional 42,384 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 11.0% in the 3rd quarter. Bank of America Corp DE now owns 536,369 shares of the company’s stock valued at $21,846,000 after purchasing an additional 53,364 shares during the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Up 0.7%

Shares of NYSEARCA GEM opened at $49.03 on Friday. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52-week low of $36.97 and a 52-week high of $54.29. The firm has a fifty day moving average of $50.75 and a 200-day moving average of $47.71. The stock has a market capitalization of $1.67 billion, a PE ratio of 13.33 and a beta of 0.70.

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. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.