Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV) Trading 9.1% Higher – Here’s Why

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV) rose 9.1% on Tuesday . The company traded as high as $54.22 and last traded at $59.3150. 57,875 shares changed hands during trading, a decline of 22% from the average daily 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 company has a 50 day moving average of $59.32 and a 200 day moving average of $59.00.

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

Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can lifted its position in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 36.4% during the fourth quarter. Bank of Montreal Can now owns 1,292 shares of the company’s stock worth $75,000 after purchasing an additional 345 shares during the period. Syntegra Private Wealth Group LLC purchased a new position in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF in the 4th quarter worth $205,000. Orion Porfolio Solutions LLC bought a new stake in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF in the 3rd quarter worth approximately $207,000. Capital Advisors Wealth Management LLC purchased a new position in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF during the 4th quarter valued at about $217,000. Finally, Osaic Holdings Inc. increased its holdings 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 worth $262,000 after buying an additional 694 shares in the last quarter.

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.