Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Shares Up 1.3% – Still a Buy?

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK)’s stock price shot up 1.3% during trading on Tuesday . The company traded as high as $57.87 and last traded at $57.52. Approximately 10,261 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 20,749 shares. The stock had previously closed at $56.78.

Goldman Sachs Future Tech Leaders Equity ETF Price Performance

The firm’s 50 day simple moving average is $58.26 and its two-hundred day simple moving average is $48.59. The firm has a market capitalization of $225.71 million, a P/E ratio of 31.43 and a beta of 1.39.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC increased its stake in 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 worth $164,000 after purchasing an additional 678 shares during the period. Royal Bank of Canada boosted its stake in shares of Goldman Sachs Future Tech Leaders Equity ETF by 101.5% during the first quarter. Royal Bank of Canada now owns 2,015 shares of the company’s stock valued at $82,000 after purchasing an additional 1,015 shares during the period. Kestra Advisory Services LLC boosted its stake in shares of Goldman Sachs Future Tech Leaders Equity ETF by 16.2% during the fourth quarter. Kestra Advisory Services LLC now owns 12,326 shares of the company’s stock valued at $493,000 after purchasing an additional 1,715 shares during the period. CWM LLC grew its holdings in shares of 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 worth $493,000 after purchasing an additional 2,208 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC grew its holdings in shares of Goldman Sachs Future Tech Leaders Equity ETF by 0.4% in the fourth quarter. Heartwood Wealth Advisors LLC now owns 559,170 shares of the company’s stock worth $22,346,000 after purchasing an additional 2,291 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.