SigFig Wealth Management LLC Sells 82,922 Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

SigFig Wealth Management LLC trimmed its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) by 2.5% during the third quarter, Holdings Channel reports. The fund owned 3,274,394 shares of the company’s stock after selling 82,922 shares during the quarter. Goldman Sachs ActiveBeta Emerging Markets Equity ETF accounts for 4.2% of SigFig Wealth Management LLC’s holdings, making the stock its 8th largest position. SigFig Wealth Management LLC owned 0.09% of Goldman Sachs ActiveBeta Emerging Markets Equity ETF worth $167,321,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GEM. American National Bank & Trust bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the third quarter worth approximately $12,723,000. Envestnet Portfolio Solutions Inc. raised its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 82.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 394,433 shares of the company’s stock valued at $20,511,000 after purchasing an additional 178,228 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 108.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,127,532 shares of the company’s stock worth $162,632,000 after buying an additional 1,627,669 shares during the period. Archford Capital Strategies LLC acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 2nd quarter valued at $204,000. Finally, Integrated Wealth Concepts LLC grew its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 32,744 shares of the company’s stock valued at $1,703,000 after buying an additional 1,283 shares during the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Down 1.2%

GEM traded down $0.64 during trading on Wednesday, hitting $51.41. The stock had a trading volume of 76,637 shares, compared to its average volume of 135,165. The firm has a market cap of $1.78 billion, a PE ratio of 13.33 and a beta of 0.71. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 12 month low of $39.63 and a 12 month high of $54.29. The company has a 50 day simple moving average of $51.00 and a 200-day simple moving average of $49.67.

About Goldman Sachs ActiveBeta Emerging Markets Equity ETF

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.