Northwestern Mutual Wealth Management Co. Boosts Holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

Northwestern Mutual Wealth Management Co. lifted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 7,076.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,692 shares of the company’s stock after buying an additional 40,125 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $1,694,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Western Wealth Management LLC purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 4th quarter valued at $296,000. World Investment Advisors purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 4th quarter valued at $593,000. First Foundation Advisors grew its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.5% in the 4th quarter. First Foundation Advisors now owns 371,624 shares of the company’s stock valued at $15,467,000 after buying an additional 9,016 shares during the last quarter. CENTRAL TRUST Co grew its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 9.0% in the 4th quarter. CENTRAL TRUST Co now owns 130,624 shares of the company’s stock valued at $5,437,000 after buying an additional 10,785 shares during the last quarter. Finally, UBS Group AG grew its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.3% in the 4th quarter. UBS Group AG now owns 293,960 shares of the company’s stock valued at $12,235,000 after buying an additional 9,365 shares during the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

NYSEARCA GEM opened at $51.77 on Thursday. The firm’s fifty day moving average price is $47.05 and its 200 day moving average price is $44.80. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 13.33 and a beta of 0.68. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 12 month low of $34.57 and a 12 month high of $52.00.

About Goldman Sachs ActiveBeta Emerging Markets Equity ETF

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.