Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV) Trading 6.4% Higher – Here’s Why

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV)’s share price was up 6.4% on Friday . The stock traded as high as $54.22 and last traded at $57.8450. Approximately 57,875 shares were traded 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 firm has a 50 day simple moving average of $56.72 and a two-hundred day simple moving average of $55.58. The stock has a market cap of $1.39 billion, a P/E 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 have recently bought and sold shares of GLOV. ARQ Wealth Advisors LLC acquired a new position in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF during the 3rd quarter valued at about $2,286,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 9.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 46,671 shares of the company’s stock valued at $2,659,000 after acquiring an additional 3,946 shares in the last quarter. Flow Traders U.S. LLC bought a new position in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF in the third quarter valued at approximately $400,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF during the third quarter valued at approximately $558,000. Finally, Keebeck Wealth Management raised its holdings in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 134.4% during the third quarter. Keebeck Wealth Management now owns 23,713 shares of the company’s stock worth $1,351,000 after purchasing an additional 13,596 shares in the last quarter.

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.