Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Stock Price Up 1% – Should You Buy?

Shares of Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) were up 1% during mid-day trading on Wednesday . The stock traded as high as $41.38 and last traded at $41.25. Approximately 18,197 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 42,954 shares. The stock had previously closed at $40.85.

Goldman Sachs Future Tech Leaders Equity ETF Trading Up 1.0%

The firm has a 50-day moving average of $39.95 and a 200 day moving average of $38.56. The company has a market cap of $181.50 million, a P/E ratio of 31.43 and a beta of 1.27.

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

Several hedge funds and other institutional investors have recently modified their holdings of GTEK. Glassman Wealth Services lifted its holdings in shares of Goldman Sachs Future Tech Leaders Equity ETF by 128.3% in the 2nd quarter. Glassman Wealth Services now owns 1,354 shares of the company’s stock worth $49,000 after purchasing an additional 761 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Goldman Sachs Future Tech Leaders Equity ETF during the third quarter worth $134,000. Private Wealth Partners LLC acquired a new position in Goldman Sachs Future Tech Leaders Equity ETF during the second quarter worth $216,000. Flow Traders U.S. LLC bought a new position in shares of Goldman Sachs Future Tech Leaders Equity ETF in the second quarter valued at $656,000. Finally, Susquehanna International Group LLP grew its holdings in shares of Goldman Sachs Future Tech Leaders Equity ETF by 100.3% during the third quarter. Susquehanna International Group LLP now owns 20,652 shares of the company’s stock valued at $806,000 after buying an additional 10,343 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.