Sun Sep 15 11:52:54 UTC 2024: ## LPL Financial Boosts Holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF

**New York, NY (September 15, 2024)** – LPL Financial LLC has increased its stake in the Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) by 3.6% in the second quarter, according to HoldingsChannel.com. The firm now owns 1,499,824 shares, valued at $48,999,000, representing 0.05% of the ETF’s total value.

This move follows a trend of several other hedge funds adjusting their positions in GEM. Private Advisor Group LLC increased its holdings by 38.3% in the fourth quarter, while Wells Fargo & Company MN added 0.9% to its stake. Other notable changes include new positions by EverSource Wealth Advisors LLC and increased holdings by Cambridge Investment Research Advisors Inc. and Cetera Advisor Networks LLC.

GEM is an exchange-traded fund that primarily invests in emerging market equities. Its underlying index comprises four sub-indexes: value, momentum, quality, and low volatility, each receiving equal weight. This multi-factor approach aims to deliver a diversified and well-rounded emerging market portfolio.

Shares of GEM opened at $32.82 on Friday, with a market cap of $971.47 million. The company’s PE ratio stands at 10.62, and its beta is 0.79. For further insights into hedge fund activity and insider trades related to GEM, visit HoldingsChannel.com.

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