Arvest Investments Inc. boosted its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM – Free Report) by 0.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 459,178 shares of the company’s stock after buying an additional 868 shares during the period. Goldman Sachs ActiveBeta Emerging Markets Equity ETF makes up approximately 2.4% of Arvest Investments Inc.’s portfolio, making the stock its 11th biggest position. Arvest Investments Inc.’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $16,122,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GPS Wealth Strategies Group LLC lifted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 30.1% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,332 shares of the company’s stock valued at $44,000 after purchasing an additional 308 shares during the last quarter. Blue Trust Inc. purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter worth about $50,000. Morris Financial Concepts Inc. grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 24.1% during the 2nd quarter. Morris Financial Concepts Inc. now owns 2,515 shares of the company’s stock valued at $82,000 after purchasing an additional 488 shares during the last quarter. Naviter Wealth LLC bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter valued at about $204,000. Finally, Kathmere Capital Management LLC bought a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 2nd quarter worth approximately $207,000.
Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Down 2.6 %
NYSEARCA GEM traded down $0.92 on Friday, reaching $34.07. 86,259 shares of the stock were exchanged, compared to its average volume of 99,050. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a one year low of $28.72 and a one year high of $36.16. The company’s 50-day simple moving average is $34.16 and its two-hundred day simple moving average is $33.17. The firm has a market capitalization of $1.01 billion, a PE ratio of 10.62 and a beta of 0.79.
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.
Further Reading
- Five stocks we like better than Goldman Sachs ActiveBeta Emerging Markets Equity ETF
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- California Resources Stock Could Be a Huge Long-Term Winner
- How Technical Indicators Can Help You Find Oversold Stocks
- Observability Wars: Datadog and Dynatrace Vie for Data Dominance
- How to Invest in Blue Chip Stocks
- Airbnb Stock Attracts Attention With Strong Cash Flow Strategy
Want to see what other hedge funds are holding GEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM – Free Report).
Receive News & Ratings for Goldman Sachs ActiveBeta Emerging Markets Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs ActiveBeta Emerging Markets Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.
