Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Shares Up 1% – Time to Buy?

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) shares rose 1% during mid-day trading on Monday . The stock traded as high as $63.22 and last traded at $62.60. Approximately 9,093 shares traded hands during trading, a decline of 56% from the average session volume of 20,626 shares. The stock had previously closed at $62.01.

Goldman Sachs Future Tech Leaders Equity ETF Price Performance

The firm’s 50-day moving average price is $54.97 and its 200-day moving average price is $46.24. The company has a market cap of $250.40 million, a price-to-earnings ratio of 31.43 and a beta of 1.41.

Institutional Trading of Goldman Sachs Future Tech Leaders Equity ETF

Institutional investors have recently added to or reduced their stakes in the business. Black Swift Group LLC raised its position in Goldman Sachs Future Tech Leaders Equity ETF by 13.6% in the third quarter. Black Swift Group LLC now owns 156,655 shares of the company’s stock valued at $6,111,000 after purchasing an additional 18,700 shares during the period. Jane Street Group LLC purchased a new stake in shares of Goldman Sachs Future Tech Leaders Equity ETF in the first quarter worth about $922,000. Susquehanna International Group LLP boosted its position in shares of Goldman Sachs Future Tech Leaders Equity ETF by 100.3% in the third quarter. Susquehanna International Group LLP now owns 20,652 shares of the company’s stock worth $806,000 after buying an additional 10,343 shares during the period. LPL Financial LLC grew its stake in shares of Goldman Sachs Future Tech Leaders Equity ETF by 37.4% in the fourth quarter. LPL Financial LLC now owns 16,941 shares of the company’s stock valued at $677,000 after buying an additional 4,608 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its stake in shares of Goldman Sachs Future Tech Leaders Equity ETF by 16.2% in the fourth quarter. Kestra Advisory Services LLC now owns 12,326 shares of the company’s stock valued at $493,000 after buying an additional 1,715 shares in the last quarter.

About Goldman Sachs Future Tech Leaders Equity ETF

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.