Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV) Stock Price Up 3.6% – Here’s Why

Shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV) rose 3.6% on Wednesday . The company traded as high as $54.22 and last traded at $56.31. Approximately 57,875 shares traded hands during trading, an increase of 8% from the average daily volume of 53,710 shares. The stock had previously closed at $54.37.

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF Stock Performance

The business has a fifty day moving average of $55.07 and a two-hundred day moving average of $53.04. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 19.52 and a beta of 0.74.

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

Several institutional investors and hedge funds have recently made changes to their positions in GLOV. Northwestern Mutual Wealth Management Co. acquired a new stake in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF in the second quarter valued at approximately $2,340,000. Bank of Montreal Can grew its stake in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 52.2% in the second quarter. Bank of Montreal Can now owns 1,260 shares of the company’s stock valued at $69,000 after acquiring an additional 432 shares during the period. Envestnet Asset Management Inc. grew its stake in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 31.1% in the second quarter. Envestnet Asset Management Inc. now owns 351,816 shares of the company’s stock valued at $19,269,000 after acquiring an additional 83,511 shares during the period. Empirical Asset Management LLC grew its stake in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 0.9% in the second quarter. Empirical Asset Management LLC now owns 23,186 shares of the company’s stock valued at $1,270,000 after acquiring an additional 210 shares during the period. Finally, Truist Financial Corp acquired a new stake in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF in the second quarter valued at approximately $3,965,000.

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF Company Profile

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.