Envestnet Portfolio Solutions Inc. Buys 28,887 Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

Envestnet Portfolio Solutions Inc. lifted its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 20.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 172,389 shares of the company’s stock after acquiring an additional 28,887 shares during the quarter. Envestnet Portfolio Solutions Inc. owned approximately 0.58% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $7,175,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GEM. Integrated Wealth Concepts LLC raised its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 12.7% during the first quarter. Integrated Wealth Concepts LLC now owns 13,421 shares of the company’s stock worth $445,000 after acquiring an additional 1,509 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.7% during the first quarter. NewEdge Advisors LLC now owns 19,778 shares of the company’s stock worth $656,000 after acquiring an additional 883 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 989.6% during the second quarter. JPMorgan Chase & Co. now owns 11,495 shares of the company’s stock worth $428,000 after acquiring an additional 10,440 shares during the last quarter. Marshall Wace LLP raised its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 722.4% during the second quarter. Marshall Wace LLP now owns 147,817 shares of the company’s stock worth $5,500,000 after acquiring an additional 129,843 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.3% during the second quarter. Raymond James Financial Inc. now owns 392,021 shares of the company’s stock worth $14,587,000 after acquiring an additional 4,982 shares during the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Up 1.9%

GEM stock opened at $49.69 on Thursday. The company has a market cap of $1.60 billion, a P/E ratio of 13.33 and a beta of 0.68. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a twelve month low of $34.57 and a twelve month high of $51.53. The business has a fifty day moving average of $46.37 and a 200-day moving average of $44.50.

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. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.