Principal Securities Inc. Has $7.61 Million Position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)

Principal Securities Inc. lifted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 5.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 238,464 shares of the company’s stock after buying an additional 11,324 shares during the period. Principal Securities Inc.’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $7,612,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of GEM. Blue Trust Inc. acquired a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter worth about $50,000. Wilmington Savings Fund Society FSB bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the third quarter worth about $136,000. Raymond James Trust N.A. acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the third quarter worth approximately $216,000. Orion Portfolio Solutions LLC bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the third quarter valued at approximately $233,000. Finally, Greenspring Advisors LLC acquired a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the third quarter valued at approximately $233,000.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Up 0.8 %

GEM stock opened at $33.56 on Friday. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 1-year low of $30.36 and a 1-year high of $36.16. The business’s 50 day simple moving average is $32.58 and its 200 day simple moving average is $33.25. The firm has a market capitalization of $993.38 million, a PE 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.