Orion Portfolio Solutions LLC Acquires Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF

In the third quarter of 2024, Orion Portfolio Solutions LLC made a significant investment by acquiring a stake in the Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM). According to their most recent Form 13F filing with the Securities and Exchange Commission, the firm purchased 6,637 shares of this ETF, with a total valuation of around $233,000.

Alongside Orion, several institutional investors have recently adjusted their holdings in the Goldman Sachs ActiveBeta Emerging Markets Equity ETF. For instance, Jane Street Group LLC expanded its stake by 29.5% during the same quarter, now owning 298,175 shares worth approximately $10,469,000, after acquiring an additional 67,904 shares. Similarly, Integrated Wealth Concepts LLC increased its holdings by 10.9%, now holding 13,066 shares valued at $459,000 following the purchase of 1,289 additional shares. HighTower Advisors LLC also raised its position in the ETF by 26.3%, bringing their total to 9,831 shares valued at $345,000 after acquiring 2,045 additional shares. CreativeOne Wealth LLC saw a more modest increase of 3.8%, now holding 13,698 shares worth $481,000 after buying 496 more shares. Lastly, Raymond James Trust N.A. initiated a new investment in the ETF valued at approximately $216,000.

Market Performance of Goldman Sachs ActiveBeta Emerging Markets Equity ETF

As of Friday, shares of the Goldman Sachs ActiveBeta Emerging Markets Equity ETF traded at $32.97, having seen a slight increase of 0.5%. The 50-day simple moving average for the ETF is $33.84, while the 200-day simple moving average is $33.37. The ETF has a market capitalization of $975.91 million and a price-to-earnings ratio of 10.62, with a beta of 0.79. Over the past year, the shares have fluctuated between a low of $28.75 and a high of $36.16.

Overview of Goldman Sachs ActiveBeta Emerging Markets Equity ETF

The Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) is designed to primarily invest in a variety of equities from emerging markets. The ETF tracks an index made up of stocks across four sub-indexes: value, momentum, quality, and low volatility. This multifactor index methodology aids in stock selection while ensuring each sub-index maintains an equal weight.

Orion, Investment, ETFs