Envestnet Portfolio Solutions Inc. Acquires 28,887 Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

Envestnet Portfolio Solutions Inc. increased its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 20.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,389 shares of the company’s stock after buying an additional 28,887 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $7,175,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GEM. SigFig Wealth Management LLC lifted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 0.7% in the fourth quarter. SigFig Wealth Management LLC now owns 3,242,190 shares of the company’s stock valued at $134,940,000 after buying an additional 22,157 shares during the period. Betterment LLC lifted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 3.6% in the third quarter. Betterment LLC now owns 2,174,673 shares of the company’s stock valued at $88,574,000 after buying an additional 75,819 shares during the period. Envestnet Asset Management Inc. lifted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 12.3% in the third quarter. Envestnet Asset Management Inc. now owns 915,829 shares of the company’s stock valued at $37,302,000 after buying an additional 100,365 shares during the period. Bank of America Corp DE lifted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 11.0% in the third quarter. Bank of America Corp DE now owns 536,369 shares of the company’s stock valued at $21,846,000 after buying an additional 53,364 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.3% in the third quarter. Raymond James Financial Inc. now owns 401,218 shares of the company’s stock valued at $16,342,000 after buying an additional 9,197 shares during the period.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Up 1.9%

Shares of NYSEARCA GEM opened at $49.69 on Thursday. The company’s fifty day moving average is $46.37 and its 200-day moving average is $44.50. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 13.33 and a beta of 0.68. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a twelve month low of $34.57 and a twelve month high of $51.53.

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. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.