Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV) Stock Price Up 9.1% – Time to Buy?

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV)’s share price rose 9.1% during trading on Wednesday . The stock traded as high as $54.22 and last traded at $59.3150. Approximately 57,875 shares were traded during mid-day 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 Price Performance

The stock has a market capitalization of $1.43 billion, a P/E ratio of 19.52 and a beta of 0.74. The firm has a 50-day simple moving average of $59.28 and a 200 day simple moving average of $57.99.

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

Several large investors have recently bought and sold shares of GLOV. Northwestern Mutual Wealth Management Co. raised its position in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 8,716.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,114,724 shares of the company’s stock valued at $237,584,000 after purchasing an additional 4,068,053 shares during the last quarter. Annex Advisory Services LLC bought a new position in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF in the fourth quarter valued at about $52,684,000. Jane Street Group LLC raised its position in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 923.4% in the fourth quarter. Jane Street Group LLC now owns 78,034 shares of the company’s stock valued at $4,506,000 after purchasing an additional 70,409 shares during the last quarter. ARQ Wealth Advisors LLC bought a new position in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF in the third quarter valued at about $2,286,000. Finally, Keebeck Wealth Management raised its position in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 134.4% in the third quarter. Keebeck Wealth Management now owns 23,713 shares of the company’s stock valued at $1,351,000 after purchasing an additional 13,596 shares during the last quarter.

About Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF

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.