Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Stock Price Up 4.2% – Here’s What Happened

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK)’s share price rose 4.2% during trading on Monday . The stock traded as high as $59.31 and last traded at $59.16. 12,576 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 19,807 shares. The stock had previously closed at $56.79.

Goldman Sachs Future Tech Leaders Equity ETF Trading Down 1.4%

The business has a 50 day simple moving average of $56.48 and a 200-day simple moving average of $53.61. The stock has a market capitalization of $246.83 million, a price-to-earnings ratio of 31.43 and a beta of 1.41.

Institutional Investors Weigh In On Goldman Sachs Future Tech Leaders Equity ETF

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in 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 worth $82,000 after purchasing an additional 1,015 shares during the period. Fifth Third Bancorp purchased a new stake in shares of Goldman Sachs Future Tech Leaders Equity ETF during the 1st quarter valued at $170,000. Finally, Cassia Capital Partners LLC increased its holdings in shares of Goldman Sachs Future Tech Leaders Equity ETF by 2.9% during the 1st quarter. Cassia Capital Partners LLC now owns 83,404 shares of the company’s stock worth $3,411,000 after buying an additional 2,373 shares during the last quarter.

About Goldman Sachs Future Tech Leaders Equity ETF

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.