Truist Financial Corp Sells 15,917 Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

Truist Financial Corp decreased its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 74.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,387 shares of the company’s stock after selling 15,917 shares during the quarter. Truist Financial Corp’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $224,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. SigFig Wealth Management LLC increased its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 0.7% during the 4th 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. Betterment LLC increased its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.6% during the 3rd quarter. Betterment LLC now owns 2,174,673 shares of the company’s stock worth $88,574,000 after purchasing an additional 75,819 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 12.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 915,829 shares of the company’s stock worth $37,302,000 after purchasing an additional 100,365 shares during the period. Bank of America Corp DE increased its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 11.0% during the 3rd quarter. Bank of America Corp DE now owns 536,369 shares of the company’s stock worth $21,846,000 after purchasing an additional 53,364 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.3% during the 3rd quarter. Raymond James Financial Inc. now owns 401,218 shares of the company’s stock worth $16,342,000 after purchasing an additional 9,197 shares during the period.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

NYSEARCA:GEM opened at $49.89 on Friday. The firm’s 50-day moving average is $46.59 and its 200-day moving average is $44.59. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52-week low of $34.57 and a 52-week high of $51.53. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 13.33 and a beta of 0.68.

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.