Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Trading Down 0.6% – Here’s Why

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK)’s stock price was down 0.6% during mid-day trading on Tuesday . The stock traded as low as $32.77 and last traded at $32.87. Approximately 6,694 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 13,018 shares. The stock had previously closed at $33.07.

Goldman Sachs Future Tech Leaders Equity ETF Stock Down 0.6 %

The company has a market cap of $200.48 million, a price-to-earnings ratio of 27.18 and a beta of 1.43. The business has a fifty day simple moving average of $30.62 and a 200 day simple moving average of $29.64.

Institutional Trading of Goldman Sachs Future Tech Leaders Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank grew its position in Goldman Sachs Future Tech Leaders Equity ETF by 15.6% during 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 period. CWM LLC boosted its stake in shares of Goldman Sachs Future Tech Leaders Equity ETF by 3.4% during the 2nd quarter. CWM LLC now owns 10,260 shares of the company’s stock worth $307,000 after acquiring an additional 333 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of 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 period. Wealth Enhancement Advisory Services LLC increased its stake in Goldman Sachs Future Tech Leaders Equity ETF by 23.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 32,342 shares of the company’s stock valued at $969,000 after purchasing an additional 6,113 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC raised its holdings in Goldman Sachs Future Tech Leaders Equity ETF by 1.2% during the third quarter. Heartwood Wealth Advisors LLC now owns 585,662 shares of the company’s stock worth $17,827,000 after purchasing an additional 6,727 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.