GFG Capital LLC Sells 17,679 Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)

GFG Capital LLC reduced its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 9.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 160,260 shares of the company’s stock after selling 17,679 shares during the quarter. Goldman Sachs ActiveBeta Emerging Markets Equity ETF comprises approximately 1.3% of GFG Capital LLC’s holdings, making the stock its 21st largest holding. GFG Capital LLC owned 0.54% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $5,160,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GEM. GPS Wealth Strategies Group LLC lifted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 30.1% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,332 shares of the company’s stock worth $44,000 after buying an additional 308 shares during the period. Blue Trust Inc. acquired a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter worth about $50,000. Morris Financial Concepts Inc. lifted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 34.4% in the first quarter. Morris Financial Concepts Inc. now owns 2,027 shares of the company’s stock valued at $64,000 after acquiring an additional 519 shares during the period. Naviter Wealth LLC purchased a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the third quarter worth $204,000. Finally, Kathmere Capital Management LLC acquired a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 2nd quarter valued at about $207,000.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

NYSEARCA GEM opened at $34.71 on Tuesday. The stock’s 50 day simple moving average is $33.85 and its 200-day simple moving average is $32.86. The company has a market cap of $1.03 billion, a PE ratio of 10.62 and a beta of 0.79. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 1-year low of $27.54 and a 1-year high of $36.16.

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.