GeoWealth Management LLC Reduces Stake in Goldman Sachs ActiveBeta EM Equity ETF

In a notable adjustment to their investment portfolio, GeoWealth Management LLC has significantly reduced its holdings in the Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) during the second quarter. A recent Form 13F filing with the Securities & Exchange Commission revealed that the firm cut its stake by 75.4%, leaving them with 4,069 shares after the sale of 12,479 shares in the period.

Investment Changes Among Firms

The move by GeoWealth Management was not isolated, as several other investors also made adjustments in their GEM positions. For example, Fortis Capital Advisors LLC initiated a new position in the fourth quarter, while Aptus Capital Advisors LLC began a new stake in the first quarter. More notable changes include Northwestern Mutual Wealth Management Co., increasing its shares by 283.2% in the fourth quarter, and Spire Wealth Management bolstering its position by 361.6% in the first quarter.

Examining GEM's Market Performance

The ETF in focus, trading under NYSEARCA:GEM, opened at $29.81 recently. Over the past year, it has fluctuated between a low of $27.54 and a high of $31.59, holding a market capitalization nearing $977.77 million. GEM trades with a P/E ratio of 9.32 and a beta of 0.72, illustrating a degree of volatility lesser than the wider market. Moreover, the ETF's average price over the last fifty and two hundred days sits at $28.78 and $29.56, respectively.

About Goldman Sachs ActiveBeta Emerging Markets Equity ETF

The Goldman Sachs ActiveBeta Emerging Markets Equity ETF aims for diversified investment in total market equity within emerging markets. It harnesses an indexing strategy that incorporates value, momentum, quality, and low volatility categories, each with equal weighting in the selection process. The ETF is designed to provide investors exposure to a multifactor portfolio varying across the spectrum of emerging market equities.

GeoWealth, Goldman, Reduction