Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Trading 1.3% Higher – Here’s Why

Shares of Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) traded up 1.3% during trading on Thursday . The company traded as high as $58.28 and last traded at $58.14. Approximately 9,665 shares were traded during trading, a decline of 54% from the average daily volume of 21,012 shares. The stock had previously closed at $57.38.

Goldman Sachs Future Tech Leaders Equity ETF Trading Up 1.3%

The firm’s fifty day simple moving average is $57.67 and its two-hundred day simple moving average is $51.86. The company has a market capitalization of $244.19 million, a price-to-earnings ratio of 31.43 and a beta of 1.41.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position 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 worth $82,000 after acquiring an additional 1,015 shares during the period. NewEdge Advisors LLC purchased a new stake in Goldman Sachs Future Tech Leaders Equity ETF in the third quarter valued at $134,000. Fifth Third Bancorp acquired a new position in shares of Goldman Sachs Future Tech Leaders Equity ETF in the 1st quarter valued at $170,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Goldman Sachs Future Tech Leaders Equity ETF in the 4th quarter valued at $280,000. Finally, Kestra Advisory Services LLC grew its holdings in shares of Goldman Sachs Future Tech Leaders Equity ETF by 16.2% during the 4th quarter. Kestra Advisory Services LLC now owns 12,326 shares of the company’s stock worth $493,000 after purchasing an additional 1,715 shares during the period.

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.