UBS Group AG Sells 438,587 Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM)

UBS Group AG decreased its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM – Get Rating) by 50.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 429,383 shares of the company’s stock after selling 438,587 shares during the quarter. UBS Group AG’s holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF were worth $12,156,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Morris Financial Concepts Inc. grew its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 176.5% during the fourth quarter. Morris Financial Concepts Inc. now owns 1,034 shares of the company’s stock valued at $29,000 after buying an additional 660 shares during the last quarter. Almanack Investment Partners LLC. bought a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the third quarter valued at approximately $38,000. Glassman Wealth Services bought a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the fourth quarter valued at approximately $41,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the fourth quarter valued at approximately $61,000. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 15.3% during the third quarter. Rockefeller Capital Management L.P. now owns 3,798 shares of the company’s stock valued at $98,000 after buying an additional 505 shares during the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA GEM opened at $29.51 on Monday. The firm has a market capitalization of $950.22 million, a price-to-earnings ratio of 9.32 and a beta of 0.72. The stock has a 50 day moving average price of $29.51 and a 200 day moving average price of $29.32. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52-week low of $25.11 and a 52-week 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.