Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Trading Down 0.6% – Here’s Why

Shares of Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) were down 0.6% during trading on Tuesday . The stock traded as low as $32.77 and last traded at $32.87. Approximately 6,694 shares traded hands during trading, a decline of 49% from the average daily volume of 13,018 shares. The stock had previously closed at $33.07.

Goldman Sachs Future Tech Leaders Equity ETF Stock Down 0.9 %

The stock has a market cap of $197.27 million, a price-to-earnings ratio of 27.18 and a beta of 1.43. The stock has a fifty day moving average of $30.71 and a two-hundred day moving average of $29.66.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. CWM LLC raised its stake in shares of Goldman Sachs Future Tech Leaders Equity ETF by 3.4% in the 2nd quarter. CWM LLC now owns 10,260 shares of the company’s stock valued at $307,000 after purchasing an additional 333 shares in the last quarter. Comerica Bank increased its holdings in Goldman Sachs Future Tech Leaders Equity ETF by 15.6% in the first quarter. Comerica Bank now owns 5,060 shares of the company’s stock valued at $149,000 after buying an additional 683 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Goldman Sachs Future Tech Leaders Equity ETF by 22.0% during the second quarter. Commonwealth Equity Services LLC now owns 12,741 shares of the company’s stock valued at $382,000 after buying an additional 2,296 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Goldman Sachs Future Tech Leaders Equity ETF by 23.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 32,342 shares of the company’s stock valued at $969,000 after buying an additional 6,113 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC lifted its holdings in Goldman Sachs Future Tech Leaders Equity ETF by 1.2% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 585,662 shares of the company’s stock worth $17,827,000 after buying an additional 6,727 shares during the last quarter.

Goldman Sachs Future Tech Leaders Equity ETF Company Profile

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.