Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV) Trading Up 9.1% – Should You Buy?

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV) traded up 9.1% during mid-day trading on Tuesday . The stock traded as high as $54.22 and last traded at $59.3150. Approximately 57,875 shares changed hands during trading, a decline of 22% from the average daily volume of 74,053 shares. The stock had previously closed at $54.37.

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF Price Performance

The firm has a market capitalization of $1.43 billion, a P/E ratio of 19.52 and a beta of 0.74. The company’s 50 day moving average price is $59.32 and its 200 day moving average price is $58.99.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF

Several institutional investors have recently modified their holdings of GLOV. Annex Advisory Services LLC acquired a new position in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF in the fourth quarter valued at approximately $52,684,000. ARQ Wealth Advisors LLC acquired a new stake in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF during the 3rd quarter worth $2,286,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 8,716.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,114,724 shares of the company’s stock valued at $237,584,000 after acquiring an additional 4,068,053 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 43.5% during the 1st quarter. Kestra Advisory Services LLC now owns 9,378 shares of the company’s stock valued at $528,000 after acquiring an additional 2,843 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 36.4% in the 4th quarter. Bank of Montreal Can now owns 1,292 shares of the company’s stock valued at $75,000 after purchasing an additional 345 shares during the period.

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF Company Profile

The Goldman Sachs ActiveBeta(R) World Low Vol Plus Equity ETF (GLOV) is an exchange-traded fund that mostly invests in total market equity. The fund selects large- and mid-cap stocks in developed markets based on four factors: value, momentum, quality and an emphasis on low volatility. GLOV was launched on Mar 15, 2022 and is managed by Goldman Sachs.