Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Shares Up 2.3%

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) shares shot up 2.3% on Wednesday . The company traded as high as $28.75 and last traded at $28.75. 4,103 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 13,453 shares. The stock had previously closed at $28.11.

Goldman Sachs Future Tech Leaders Equity ETF Price Performance

The stock’s 50 day simple moving average is $28.82 and its two-hundred day simple moving average is $28.98. The firm has a market cap of $178.43 million, a P/E ratio of 27.18 and a beta of 1.43.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GTEK. Comerica Bank raised its holdings in Goldman Sachs Future Tech Leaders Equity ETF by 15.6% in the first quarter. Comerica Bank now owns 5,060 shares of the company’s stock worth $149,000 after buying an additional 683 shares during the last quarter. CWM LLC increased its position in shares of Goldman Sachs Future Tech Leaders Equity ETF by 3.4% during the second quarter. CWM LLC now owns 10,260 shares of the company’s stock valued at $307,000 after acquiring an additional 333 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Goldman Sachs Future Tech Leaders Equity ETF by 22.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 12,741 shares of the company’s stock worth $382,000 after acquiring an additional 2,296 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Goldman Sachs Future Tech Leaders Equity ETF by 114.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,229 shares of the company’s stock valued at $772,000 after acquiring an additional 13,972 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC boosted its stake in Goldman Sachs Future Tech Leaders Equity ETF by 24.8% during the 1st quarter. Heartwood Wealth Advisors LLC now owns 574,516 shares of the company’s stock valued at $16,916,000 after purchasing an additional 114,001 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.