Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Shares Down 0.8% – Should You Sell?

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) shares were down 0.8% during trading on Wednesday . The stock traded as low as $57.47 and last traded at $57.47. Approximately 11,532 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 22,013 shares. The stock had previously closed at $57.91.

Goldman Sachs Future Tech Leaders Equity ETF Trading Up 2.3%

The company has a market cap of $245.24 million, a price-to-earnings ratio of 31.43 and a beta of 1.41. The stock has a 50-day simple moving average of $58.11 and a 200-day simple moving average of $50.13.

Hedge Funds Weigh In On Goldman Sachs Future Tech Leaders Equity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of GTEK. Royal Bank of Canada increased its stake in Goldman Sachs Future Tech Leaders Equity ETF by 101.5% during the 1st quarter. Royal Bank of Canada now owns 2,015 shares of the company’s stock valued at $82,000 after buying an additional 1,015 shares during the period. Fifth Third Bancorp bought a new position in shares of Goldman Sachs Future Tech Leaders Equity ETF in the first quarter valued at approximately $170,000. Cassia Capital Partners LLC boosted its holdings in shares of Goldman Sachs Future Tech Leaders Equity ETF by 2.9% in the first quarter. Cassia Capital Partners LLC now owns 83,404 shares of the company’s stock valued at $3,411,000 after acquiring an additional 2,373 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Goldman Sachs Future Tech Leaders Equity ETF during the fourth quarter valued at approximately $280,000. Finally, NewEdge Advisors LLC increased its stake in shares of Goldman Sachs Future Tech Leaders Equity ETF by 19.8% during the fourth quarter. NewEdge Advisors LLC now owns 4,104 shares of the company’s stock valued at $164,000 after acquiring an additional 678 shares during the period.

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.