Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Stock Price Up 1.3% – Time to Buy?

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK)’s stock price traded up 1.3% during trading on Thursday . The stock traded as high as $58.28 and last traded at $58.14. Approximately 9,665 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 21,012 shares. The stock had previously closed at $57.38.

Goldman Sachs Future Tech Leaders Equity ETF Stock Performance

The company has a market cap of $239.99 million, a P/E ratio of 31.43 and a beta of 1.41. The stock’s fifty day moving average price is $57.58 and its two-hundred day moving average price is $51.90.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its stake in shares of Goldman Sachs Future Tech Leaders Equity ETF by 19.8% in the 4th quarter. NewEdge Advisors LLC now owns 4,104 shares of the company’s stock valued at $164,000 after purchasing an additional 678 shares during the last quarter. Royal Bank of Canada boosted its stake in 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 valued at $82,000 after buying an additional 1,015 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in 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. CWM LLC grew its position in Goldman Sachs Future Tech Leaders Equity ETF by 21.8% in the fourth quarter. CWM LLC now owns 12,331 shares of the company’s stock valued at $493,000 after acquiring an additional 2,208 shares during the last quarter. Finally, Cassia Capital Partners LLC grew its position in 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 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.