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

Strategic Financial Services Inc. reduced its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 5.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 224,267 shares of the company’s stock after selling 12,482 shares during the period. Goldman Sachs ActiveBeta Emerging Markets Equity ETF makes up about 0.5% of Strategic Financial Services Inc.’s holdings, making the stock its 24th largest position. Strategic Financial Services Inc. owned about 0.76% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $10,264,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 27.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,930 shares of the company’s stock worth $118,000 after purchasing an additional 637 shares in the last quarter. Kingdom Financial Group LLC. purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter valued at $138,000. Perigon Wealth Management LLC purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter valued at $205,000. Wealthfront Advisers LLC purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the third quarter valued at $227,000. Finally, Naviter Wealth LLC purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter valued at $242,000.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Up 3.8%

Shares of GEM stock opened at $51.81 on Wednesday. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a fifty-two week low of $34.57 and a fifty-two week high of $51.82. The stock has a market cap of $1.67 billion, a P/E ratio of 13.33 and a beta of 0.68. The business has a fifty day simple moving average of $46.90 and a 200-day simple moving average of $44.73.

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.