Mengis Capital Management Inc. Buys New Shares in Goldman Sachs ActiveBeta Emerging Markets Equity ETF $GEM

Mengis Capital Management Inc. bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,935 shares of the company’s stock, valued at approximately $221,000.

Other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 14.9% in the first quarter. LPL Financial LLC now owns 1,810,975 shares of the company’s stock valued at $60,088,000 after purchasing an additional 234,557 shares in the last quarter. Baird Financial Group Inc. grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 38.4% in the first quarter. Baird Financial Group Inc. now owns 40,669 shares of the company’s stock valued at $1,349,000 after purchasing an additional 11,279 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 9.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 102,515 shares of the company’s stock valued at $3,401,000 after purchasing an additional 8,621 shares in the last quarter. Comerica Bank raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 27.9% during the first quarter. Comerica Bank now owns 11,941 shares of the company’s stock worth $396,000 after acquiring an additional 2,602 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 19.6% during the first quarter. Envestnet Asset Management Inc. now owns 778,843 shares of the company’s stock worth $25,842,000 after acquiring an additional 127,623 shares in the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Down 0.7%

NYSEARCA GEM opened at $41.15 on Friday. The firm’s fifty day moving average price is $39.46 and its two-hundred day moving average price is $36.54. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 1 year low of $29.19 and a 1 year high of $41.62. The firm has a market capitalization of $1.15 billion, a P/E ratio of 13.33 and a beta of 0.72.

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.