Strategic Financial Services Inc. Lowers Stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

Strategic Financial Services Inc. lowered its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 6.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 216,057 shares of the company’s stock after selling 14,613 shares during the period. Goldman Sachs ActiveBeta Emerging Markets Equity ETF makes up approximately 0.4% of Strategic Financial Services Inc.’s investment portfolio, making the stock its 23rd largest position. Strategic Financial Services Inc.’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $7,169,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GEM. NewEdge Advisors LLC boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.7% in the 1st quarter. NewEdge Advisors LLC now owns 19,778 shares of the company’s stock valued at $656,000 after buying an additional 883 shares during the period. Integrated Wealth Concepts LLC boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 12.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 13,421 shares of the company’s stock valued at $445,000 after buying an additional 1,509 shares during the period. IAG Wealth Partners LLC boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 19.4% in the 1st quarter. IAG Wealth Partners LLC now owns 9,908 shares of the company’s stock valued at $329,000 after buying an additional 1,610 shares during the period. Comerica Bank boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 27.9% in the 1st quarter. Comerica Bank now owns 11,941 shares of the company’s stock valued at $396,000 after buying an additional 2,602 shares during the period. Finally, Prostatis Group LLC boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 36.6% in the 1st quarter. Prostatis Group LLC now owns 15,901 shares of the company’s stock valued at $528,000 after buying an additional 4,259 shares during the period.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Up 0.9%

Shares of GEM stock opened at $39.69 on Thursday. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52 week low of $29.19 and a 52 week high of $39.83. The stock has a market capitalization of $1.10 billion, a PE ratio of 13.33 and a beta of 0.72. The firm has a 50 day moving average of $38.13 and a two-hundred day moving average of $35.47.

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.