Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Stock Breaks Below Two Hundred Day Moving Average – What’s Next?

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $52.04 and traded as low as $50.41. Goldman Sachs Future Tech Leaders Equity ETF shares last traded at $51.05, with a volume of 39,860 shares traded.

Goldman Sachs Future Tech Leaders Equity ETF Trading Down 5.8%

The company has a market cap of $214.41 million, a PE ratio of 31.43 and a beta of 1.40. The firm has a 50 day moving average of $56.83 and a two-hundred day moving average of $52.04.

Institutional Investors Weigh In On Goldman Sachs Future Tech Leaders Equity ETF

A number of institutional investors have recently modified their holdings of GTEK. Kraft Davis & Associates LLC bought a new position in shares of Goldman Sachs Future Tech Leaders Equity ETF in the third quarter worth approximately $1,656,000. Simplicity Wealth LLC purchased a new position in Goldman Sachs Future Tech Leaders Equity ETF in the 3rd quarter worth approximately $1,708,000. Nautilus Advisors LLC increased its holdings in shares of Goldman Sachs Future Tech Leaders Equity ETF by 19.1% in the 3rd quarter. Nautilus Advisors LLC now owns 11,941 shares of the company’s stock worth $701,000 after purchasing an additional 1,913 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Goldman Sachs Future Tech Leaders Equity ETF by 32.5% in the second quarter. Envestnet Asset Management Inc. now owns 6,850 shares of the company’s stock worth $431,000 after purchasing an additional 1,681 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Goldman Sachs Future Tech Leaders Equity ETF by 101.5% in the first quarter. Royal Bank of Canada now owns 2,015 shares of the company’s stock worth $82,000 after purchasing an additional 1,015 shares during the last quarter.

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.