Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV) Shares Up 7.9% – What’s Next?

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV) shares shot up 7.9% on Wednesday . The company traded as high as $54.22 and last traded at $58.66. 57,875 shares were traded during trading, an increase of 8% from the average session volume of 53,710 shares. The stock had previously closed at $54.37.

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF Stock Up 7.9%

The company has a 50-day moving average price of $57.82 and a 200-day moving average price of $56.78. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 19.52 and a beta of 0.74.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Annex Advisory Services LLC bought a new position in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF during the 4th quarter worth approximately $52,684,000. Envestnet Asset Management Inc. grew its holdings in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 31.1% during the second quarter. Envestnet Asset Management Inc. now owns 351,816 shares of the company’s stock worth $19,269,000 after purchasing an additional 83,511 shares during the last quarter. Truist Financial Corp bought a new stake in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF during the 2nd quarter worth about $3,965,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF during the second quarter valued at approximately $2,340,000. Finally, ARQ Wealth Advisors LLC bought a new position in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF in the 3rd quarter valued at $2,286,000.

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.