HB Wealth Management LLC Sells 68,704 Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

HB Wealth Management LLC cut its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 6.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,056,245 shares of the company’s stock after selling 68,704 shares during the period. HB Wealth Management LLC owned approximately 3.77% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $43,021,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GEM. Salomon & Ludwin LLC acquired a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the third quarter worth about $25,000. Independence Bank of Kentucky bought a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 2nd quarter valued at approximately $32,000. Bank of Montreal Can acquired a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 2nd quarter worth approximately $37,000. Steward Partners Investment Advisory LLC boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 171.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,560 shares of the company’s stock worth $58,000 after purchasing an additional 985 shares during the period. Finally, Private Trust Co. NA boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 29.6% during the second quarter. Private Trust Co. NA now owns 2,149 shares of the company’s stock worth $80,000 after purchasing an additional 491 shares during the period.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Down 0.7%

NYSEARCA:GEM opened at $43.24 on Thursday. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 12 month low of $29.19 and a 12 month high of $43.61. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 13.33 and a beta of 0.62. The company’s 50 day moving average is $41.80 and its 200-day moving average is $40.08.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF 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.