Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Shares Down 2% – Time to Sell?

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) traded down 2% on Thursday . The stock traded as low as $29.72 and last traded at $29.83. 7,216 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 15,694 shares. The stock had previously closed at $30.45.

Goldman Sachs Future Tech Leaders Equity ETF Stock Performance

The stock has a market cap of $149.15 million, a P/E ratio of 34.90 and a beta of 1.23. The firm has a 50-day moving average price of $33.37 and a 200-day moving average price of $32.21.

Hedge Funds Weigh In On Goldman Sachs Future Tech Leaders Equity ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Heartwood Wealth Advisors LLC increased its holdings in shares of Goldman Sachs Future Tech Leaders Equity ETF by 0.9% in the fourth quarter. Heartwood Wealth Advisors LLC now owns 590,836 shares of the company’s stock worth $19,091,000 after purchasing an additional 5,174 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Goldman Sachs Future Tech Leaders Equity ETF in the fourth quarter worth about $4,510,000. Jane Street Group LLC increased its holdings in shares of Goldman Sachs Future Tech Leaders Equity ETF by 953.2% in the third quarter. Jane Street Group LLC now owns 92,715 shares of the company’s stock worth $2,822,000 after purchasing an additional 83,912 shares during the last quarter. Susquehanna International Group LLP increased its holdings in shares of Goldman Sachs Future Tech Leaders Equity ETF by 83.0% in the fourth quarter. Susquehanna International Group LLP now owns 73,581 shares of the company’s stock worth $2,378,000 after purchasing an additional 33,379 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Goldman Sachs Future Tech Leaders Equity ETF in the fourth quarter worth about $1,249,000.

About Goldman Sachs Future Tech Leaders Equity ETF

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.