Golden State Equity Partners Has $1.66 Million Stock Holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)

Golden State Equity Partners cut its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 5.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 47,307 shares of the company’s stock after selling 2,654 shares during the quarter. Golden State Equity Partners’ holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $1,661,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. &PARTNERS purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 2nd quarter valued at $318,000. LPL Financial LLC grew its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.6% during the 2nd quarter. LPL Financial LLC now owns 1,499,824 shares of the company’s stock valued at $48,999,000 after acquiring an additional 51,990 shares during the period. Truist Financial Corp increased its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 10.8% during the 2nd quarter. Truist Financial Corp now owns 20,370 shares of the company’s stock worth $665,000 after purchasing an additional 1,980 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 6.2% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 25,720 shares of the company’s stock worth $840,000 after purchasing an additional 1,500 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 148,959 shares of the company’s stock worth $4,866,000 after purchasing an additional 4,061 shares during the period.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

Shares of GEM traded down $0.38 during mid-day trading on Wednesday, hitting $33.97. The stock had a trading volume of 147 shares, compared to its average volume of 99,314. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52 week low of $27.63 and a 52 week high of $36.16. The business has a fifty day moving average price of $34.02 and a 200-day moving average price of $32.99. The firm has a market cap of $1.01 billion, a P/E ratio of 10.62 and a beta of 0.79.

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.