Morris Financial Concepts Inc. Boosts Holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)

Morris Financial Concepts Inc. increased its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 34.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,027 shares of the company’s stock after buying an additional 519 shares during the period. Morris Financial Concepts Inc.’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $64,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Arvest Investments Inc. purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the fourth quarter worth $14,488,000. Principal Securities Inc. acquired a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 4th quarter valued at about $7,540,000. Pallas Capital Advisors LLC purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 4th quarter valued at about $5,011,000. Wealthspire Advisors LLC acquired a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the fourth quarter worth about $3,531,000. Finally, Anchor Investment Management LLC purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the fourth quarter worth approximately $2,635,000.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Up 0.2 %

NYSEARCA GEM traded up $0.06 on Monday, hitting $32.73. 96,471 shares of the stock were exchanged, compared to its average volume of 111,948. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a fifty-two week low of $27.54 and a fifty-two week high of $33.36. The company has a 50-day moving average price of $32.33 and a 200-day moving average price of $31.18. The company has a market cap of $968.81 million, a PE ratio of 10.62 and a beta of 0.79.

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.