IFP Advisors Inc Sells 706 Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)

IFP Advisors Inc trimmed its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM – Get Rating) by 27.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,852 shares of the company’s stock after selling 706 shares during the quarter. IFP Advisors Inc’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $65,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Glassman Wealth Services bought a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter valued at $41,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter valued at about $61,000. SigFig Wealth Management LLC raised its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.1% in the fourth quarter. SigFig Wealth Management LLC now owns 2,863,727 shares of the company’s stock valued at $81,072,000 after purchasing an additional 58,742 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 92.4% in the fourth quarter. D.A. Davidson & CO. now owns 28,475 shares of the company’s stock valued at $806,000 after purchasing an additional 13,677 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2,907.9% in the fourth quarter. Bank of Montreal Can now owns 156,170 shares of the company’s stock valued at $4,441,000 after purchasing an additional 150,978 shares during the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

Shares of GEM stock opened at $29.60 on Wednesday. The firm has a 50-day moving average of $29.48 and a 200-day moving average of $29.23. The company has a market cap of $953.12 million, a P/E ratio of 9.32 and a beta of 0.72. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a one year low of $25.11 and a one year high of $32.37.

About Goldman Sachs ActiveBeta Emerging Markets Equity ETF

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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.