Royal Bank of Canada Purchases 174,317 Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

Royal Bank of Canada lifted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 55.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 486,143 shares of the company’s stock after acquiring an additional 174,317 shares during the quarter. Royal Bank of Canada owned approximately 1.51% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $21,001,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of GEM. World Investment Advisors acquired a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the fourth quarter worth approximately $593,000. CENTRAL TRUST Co increased its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 8.7% in the first quarter. CENTRAL TRUST Co now owns 141,925 shares of the company’s stock valued at $6,131,000 after purchasing an additional 11,301 shares in the last quarter. Apollon Financial LLC acquired a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the fourth quarter valued at approximately $606,000. Northwestern Mutual Wealth Management Co. raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 7,076.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 40,692 shares of the company’s stock worth $1,694,000 after purchasing an additional 40,125 shares during the last quarter. Finally, Integrated Wealthcare LLC bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 4th quarter worth approximately $663,000.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

NYSEARCA:GEM opened at $50.25 on Thursday. The stock’s fifty day moving average price is $50.68 and its two-hundred day moving average price is $47.86. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52-week low of $37.56 and a 52-week high of $54.29. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 13.33 and a beta of 0.71.

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.