Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Stock Price Down 1.9% – Should You Sell?

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) traded down 1.9% during trading on Monday . The stock traded as low as $36.49 and last traded at $36.56. 5,975 shares changed hands during trading, a decline of 56% from the average session volume of 13,718 shares. The stock had previously closed at $37.25.

Goldman Sachs Future Tech Leaders Equity ETF Trading Down 1.9%

The firm has a fifty day moving average price of $35.88 and a 200 day moving average price of $33.12. The firm has a market cap of $179.14 million, a PE ratio of 31.43 and a beta of 1.13.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Glassman Wealth Services raised its holdings in shares of Goldman Sachs Future Tech Leaders Equity ETF by 128.3% during the 2nd quarter. Glassman Wealth Services now owns 1,354 shares of the company’s stock worth $49,000 after acquiring an additional 761 shares during the period. Harbour Investments Inc. raised its holdings in shares of Goldman Sachs Future Tech Leaders Equity ETF by 80.7% during the 1st quarter. Harbour Investments Inc. now owns 2,528 shares of the company’s stock worth $75,000 after acquiring an additional 1,129 shares during the period. Private Wealth Partners LLC purchased a new position in shares of Goldman Sachs Future Tech Leaders Equity ETF during the 2nd quarter worth $216,000. Ameriprise Financial Inc. purchased a new position in shares of Goldman Sachs Future Tech Leaders Equity ETF during the 4th quarter worth $227,000. Finally, CWM LLC raised its holdings in Goldman Sachs Future Tech Leaders Equity ETF by 14.1% in the 1st quarter. CWM LLC now owns 10,132 shares of the company’s stock valued at $301,000 after buying an additional 1,250 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.