Edge Financial Advisors LLC Acquires Shares of 23,271 Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)

Edge Financial Advisors LLC bought a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) in the 3rd quarter, Holdings Channel reports. The fund bought 23,271 shares of the company’s stock, valued at approximately $817,000.

Other hedge funds have also made changes to their positions in the company. GPS Wealth Strategies Group LLC increased its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 30.1% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,332 shares of the company’s stock valued at $44,000 after acquiring an additional 308 shares during the period. Blue Trust Inc. purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter valued at approximately $50,000. Morris Financial Concepts Inc. increased its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 24.1% in the second 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 period. Naviter Wealth LLC purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the third quarter worth approximately $204,000. Finally, Kathmere Capital Management LLC purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the second quarter worth approximately $207,000.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Down 1.0 %

NYSEARCA:GEM traded down $0.34 during midday trading on Wednesday, reaching $34.01. The stock had a trading volume of 667 shares, compared to its average volume of 99,317. The stock has a market cap of $1.01 billion, a P/E ratio of 10.62 and a beta of 0.79. The firm has a fifty day simple moving average of $34.02 and a two-hundred day simple moving average of $32.99. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 12-month low of $27.63 and a 12-month 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.