1900 Wealth Management LLC Trims Stock Position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

1900 Wealth Management LLC lessened its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 4.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 78,368 shares of the company’s stock after selling 3,634 shares during the quarter. 1900 Wealth Management LLC’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $2,916,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC raised its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 14.9% during the 1st quarter. LPL Financial LLC now owns 1,810,975 shares of the company’s stock valued at $60,088,000 after buying an additional 234,557 shares during the period. Baird Financial Group Inc. raised its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 38.4% during the 1st quarter. Baird Financial Group Inc. now owns 40,669 shares of the company’s stock valued at $1,349,000 after buying an additional 11,279 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 9.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 102,515 shares of the company’s stock valued at $3,401,000 after buying an additional 8,621 shares during the period. Ameriprise Financial Inc. purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 4th quarter valued at approximately $301,000. Finally, Comerica Bank raised its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 27.9% during 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.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Up 0.4%

Shares of NYSEARCA GEM opened at $41.27 on Friday. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 13.33 and a beta of 0.72. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52-week low of $29.19 and a 52-week high of $41.35. The business’s 50 day moving average is $39.10 and its two-hundred day moving average is $36.29.

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.