LPL Financial LLC Raises Position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)

LPL Financial LLC boosted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 2.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,576,418 shares of the company’s stock after buying an additional 36,610 shares during the period. LPL Financial LLC owned approximately 5.33% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $50,319,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. SigFig Wealth Management LLC grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.3% in the 4th quarter. SigFig Wealth Management LLC now owns 3,291,658 shares of the company’s stock valued at $105,333,000 after acquiring an additional 72,940 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter worth about $51,415,000. Arvest Bank Trust Division purchased a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter worth about $42,728,000. Jane Street Group LLC lifted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 29.5% during the 3rd quarter. Jane Street Group LLC now owns 298,175 shares of the company’s stock valued at $10,469,000 after buying an additional 67,904 shares in the last quarter. Finally, Principal Securities Inc. lifted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 5.0% during the 4th quarter. Principal Securities Inc. now owns 238,464 shares of the company’s stock valued at $7,612,000 after buying an additional 11,324 shares in the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

Shares of GEM stock opened at $33.85 on Friday. The company has a market capitalization of $890.26 million, a P/E ratio of 13.52 and a beta of 0.72. The company’s 50-day simple moving average is $33.15 and its two-hundred day simple moving average is $33.41. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a one year low of $30.36 and a one year high of $36.16.

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.