Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV) Shares Pass Above 200 Day Moving Average – Here’s Why

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $48.66 and traded as high as $51.00. Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF shares last traded at $50.80, with a volume of 40,821 shares traded.

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF Stock Up 0.9 %

The firm has a fifty day simple moving average of $50.54 and a 200-day simple moving average of $48.66. The company has a market capitalization of $958.38 million, a P/E ratio of 20.57 and a beta of 0.70.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GLOV. Jane Street Group LLC boosted its position in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 137.9% during the first quarter. Jane Street Group LLC now owns 95,743 shares of the company’s stock worth $4,494,000 after buying an additional 55,506 shares during the period. CoreCap Advisors LLC acquired a new position in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF during the second quarter worth about $1,848,000. Empirical Asset Management LLC boosted its position in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 180.7% during the third quarter. Empirical Asset Management LLC now owns 23,522 shares of the company’s stock worth $1,195,000 after buying an additional 15,143 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 3.9% during the second quarter. Envestnet Asset Management Inc. now owns 218,346 shares of the company’s stock worth $10,225,000 after buying an additional 8,245 shares during the period. Finally, Principal Securities Inc. boosted its position in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 6.8% during the third quarter. Principal Securities Inc. now owns 92,440 shares of the company’s stock worth $4,698,000 after buying an additional 5,896 shares during the period.

About Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF

The Goldman Sachs ActiveBeta(R) World Low Vol Plus Equity ETF (GLOV) is an exchange-traded fund that mostly invests in total market equity. The fund selects large- and mid-cap stocks in developed markets based on four factors: value, momentum, quality and an emphasis on low volatility. GLOV was launched on Mar 15, 2022 and is managed by Goldman Sachs.