Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM Shares Sold by GFG Capital LLC

GFG Capital LLC reduced its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 50.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 70,570 shares of the company’s stock after selling 71,615 shares during the quarter. Goldman Sachs ActiveBeta Emerging Markets Equity ETF comprises 0.9% of GFG Capital LLC’s portfolio, making the stock its 29th largest holding. GFG Capital LLC’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $3,670,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Rogco LP bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the second quarter valued at about $25,000. Advisortrust Partners LLC acquired a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 1st quarter worth approximately $42,000. Harbor Asset Planning Inc. raised its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 196.4% in the 1st quarter. Harbor Asset Planning Inc. now owns 993 shares of the company’s stock worth $43,000 after purchasing an additional 658 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 4th quarter worth approximately $42,000. Finally, Global Assets Advisory LLC acquired a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the first quarter valued at approximately $47,000.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA:GEM opened at $52.53 on Wednesday. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 13.33 and a beta of 0.71. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 1-year low of $39.33 and a 1-year high of $54.29. The company has a 50 day moving average price of $50.28 and a 200 day moving average price of $48.81.

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.