Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV) Shares Pass Above 200 Day Moving Average – Here’s Why

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $48.66 and traded as high as $51.00. Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF shares last traded at $50.80, with a volume of 40,821 shares traded.

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF Stock Performance

The company has a 50-day simple moving average of $50.54 and a 200 day simple moving average of $48.66. The company has a market capitalization of $958.38 million, a P/E ratio of 20.57 and a beta of 0.70.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. increased its position in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 1.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 64,881 shares of the company’s stock worth $3,038,000 after buying an additional 1,090 shares during the period. Envestnet Asset Management Inc. increased its position in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 3.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 218,346 shares of the company’s stock worth $10,225,000 after buying an additional 8,245 shares during the period. Cetera Investment Advisers increased its position in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 2.9% during the second quarter. Cetera Investment Advisers now owns 60,635 shares of the company’s stock valued at $2,840,000 after purchasing an additional 1,723 shares during the period. Jane Street Group LLC increased its position in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 137.9% during the first quarter. Jane Street Group LLC now owns 95,743 shares of the company’s stock valued at $4,494,000 after purchasing an additional 55,506 shares during the period. Finally, Empirical Asset Management LLC increased its position in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 180.7% during the third quarter. Empirical Asset Management LLC now owns 23,522 shares of the company’s stock valued at $1,195,000 after purchasing an additional 15,143 shares during the period.

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.