D.A. Davidson & CO. Reduces Holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)

D.A. Davidson & CO. lowered its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 29.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,030 shares of the company’s stock after selling 3,782 shares during the quarter. D.A. Davidson & CO.’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $288,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the third quarter valued at approximately $50,000. Edge Financial Advisors LLC bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter valued at approximately $817,000. Principal Securities Inc. raised its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 7.6% during the 3rd quarter. Principal Securities Inc. now owns 227,140 shares of the company’s stock valued at $7,975,000 after acquiring an additional 15,969 shares in the last quarter. Gladstone Institutional Advisory LLC lifted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.6% during the third quarter. Gladstone Institutional Advisory LLC now owns 118,246 shares of the company’s stock worth $4,152,000 after purchasing an additional 1,830 shares during the last quarter. Finally, 1900 Wealth Management LLC boosted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 32.7% in the third quarter. 1900 Wealth Management LLC now owns 287,665 shares of the company’s stock worth $10,100,000 after purchasing an additional 70,854 shares during the period.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA:GEM opened at $33.64 on Thursday. The company’s fifty day moving average is $32.55 and its two-hundred day moving average is $33.34. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 1-year low of $30.36 and a 1-year high of $36.16. The stock has a market capitalization of $884.73 million, a price-to-earnings ratio of 13.36 and a beta of 0.71.

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.