Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Shares Up 1% – Here’s Why

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) shares were up 1% on Wednesday . The company traded as high as $41.38 and last traded at $41.25. Approximately 18,197 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 42,954 shares. The stock had previously closed at $40.85.

Goldman Sachs Future Tech Leaders Equity ETF Stock Performance

The firm has a market cap of $181.50 million, a price-to-earnings ratio of 31.43 and a beta of 1.27. The business has a 50 day simple moving average of $39.95 and a 200-day simple moving average of $38.56.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GTEK. Black Swift Group LLC grew its holdings in Goldman Sachs Future Tech Leaders Equity ETF by 0.5% during the second quarter. Black Swift Group LLC now owns 137,955 shares of the company’s stock worth $4,977,000 after buying an additional 635 shares in the last quarter. Glassman Wealth Services lifted its stake in Goldman Sachs Future Tech Leaders Equity ETF by 128.3% during the 2nd quarter. Glassman Wealth Services now owns 1,354 shares of the company’s stock valued at $49,000 after acquiring an additional 761 shares in the last quarter. Heartwood Wealth Advisors LLC boosted its holdings in Goldman Sachs Future Tech Leaders Equity ETF by 0.4% during the 4th quarter. Heartwood Wealth Advisors LLC now owns 559,170 shares of the company’s stock worth $22,346,000 after acquiring an additional 2,291 shares during the last quarter. NewEdge Advisors LLC purchased a new position in Goldman Sachs Future Tech Leaders Equity ETF during the 3rd quarter worth $134,000. Finally, Private Wealth Partners LLC bought a new stake in shares of Goldman Sachs Future Tech Leaders Equity ETF in the 2nd quarter worth $216,000.

Goldman Sachs Future Tech Leaders Equity ETF Company Profile

The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in potentially growing technology companies that are believed to drive tech innovation around the world. GTEK was launched on Sep 14, 2021 and is managed by Goldman Sachs.