Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Trading Up 1% – Time to Buy?

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK)’s stock price was up 1% on Monday . The company traded as high as $63.22 and last traded at $62.60. 9,093 shares traded hands during trading, a decline of 56% from the average daily volume of 20,626 shares. The stock had previously closed at $62.01.

Goldman Sachs Future Tech Leaders Equity ETF Price Performance

The firm’s 50 day moving average is $55.28 and its 200 day moving average is $46.38. The company has a market capitalization of $239.44 million, a PE ratio of 31.43 and a beta of 1.41.

Hedge Funds Weigh In On Goldman Sachs Future Tech Leaders Equity ETF

A number of hedge funds have recently modified their holdings of the company. Royal Bank of Canada raised 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 acquiring an additional 1,015 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Goldman Sachs Future Tech Leaders Equity ETF in the third quarter worth about $134,000. Fifth Third Bancorp bought a new stake in shares of Goldman Sachs Future Tech Leaders Equity ETF in the first quarter worth about $170,000. Mercer Global Advisors Inc. ADV purchased a new position in Goldman Sachs Future Tech Leaders Equity ETF during the 4th quarter valued at about $280,000. Finally, Kestra Advisory Services LLC increased its holdings in 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 valued at $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.