Private Advisor Group LLC Lowers Stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)

Private Advisor Group LLC cut its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 7.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,714 shares of the company’s stock after selling 687 shares during the quarter. Private Advisor Group LLC’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $306,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. GPS Wealth Strategies Group LLC grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 30.1% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,332 shares of the company’s stock valued at $44,000 after purchasing an additional 308 shares during the period. Morris Financial Concepts Inc. grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 24.1% in the second quarter. Morris Financial Concepts Inc. now owns 2,515 shares of the company’s stock valued at $82,000 after purchasing an additional 488 shares during the period. Bank of New York Mellon Corp grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 23,112 shares of the company’s stock valued at $755,000 after purchasing an additional 847 shares during the period. Atria Wealth Solutions Inc. grew its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 6.2% in the second quarter. Atria Wealth Solutions Inc. now owns 25,720 shares of the company’s stock valued at $840,000 after purchasing an additional 1,500 shares during the period. Finally, Blue Trust Inc. purchased a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the third quarter valued at approximately $50,000.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

Goldman Sachs ActiveBeta Emerging Markets Equity ETF stock opened at $34.20 on Thursday. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 1 year low of $28.72 and a 1 year high of $36.16. The firm has a 50 day moving average price of $34.11 and a 200 day moving average price of $33.12. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 10.62 and a beta of 0.79.

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.