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

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV)’s share price was up 9.1% 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, a decline of 22% from the average session volume of 74,053 shares. The stock had previously closed at $54.37.

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF Stock Performance

The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 19.52 and a beta of 0.74. The business has a 50-day moving average of $59.32 and a 200-day moving average of $59.15.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 18.8% during the first quarter. Royal Bank of Canada now owns 5,482 shares of the company’s stock worth $282,000 after acquiring an additional 868 shares during the last quarter. Osaic Holdings Inc. raised its position in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 17.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,781 shares of the company’s stock valued at $262,000 after purchasing an additional 694 shares during the last quarter. Orion Porfolio Solutions LLC purchased a new stake in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF in the 3rd quarter valued at $207,000. Keebeck Wealth Management boosted its stake in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 134.4% during the 3rd 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 during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF during the 3rd quarter worth $558,000.

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.