Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV) Shares Up 6.4% – Time to Buy?

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV)’s stock price shot up 6.4% during mid-day trading on Friday . The stock traded as high as $54.22 and last traded at $57.8450. 57,875 shares were traded during trading, an increase of 8% from the average session volume of 53,710 shares. The stock had previously closed at $54.37.

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF Stock Up 6.4%

The company has a market capitalization of $1.39 billion, a PE ratio of 19.52 and a beta of 0.74. The company has a 50-day moving average price of $56.72 and a two-hundred day moving average price of $55.60.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. SOA Wealth Advisors LLC. purchased a new stake in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF in the 3rd quarter worth approximately $26,000. TD Waterhouse Canada Inc. raised its position in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 89.0% in the third quarter. TD Waterhouse Canada Inc. now owns 705 shares of the company’s stock worth $40,000 after buying an additional 332 shares in the last quarter. Bank of Montreal Can boosted its stake in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 52.2% during the second quarter. Bank of Montreal Can now owns 1,260 shares of the company’s stock valued at $69,000 after buying an additional 432 shares during the period. Founders Financial Alliance LLC bought a new position in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF in the 3rd quarter worth about $80,000. Finally, Private Trust Co. NA grew its holdings in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 809.7% during the third quarter. Private Trust Co. NA now owns 2,911 shares of the company’s stock worth $166,000 after purchasing an additional 2,591 shares in the last quarter.

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.