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

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 Price Performance

The stock has a market capitalization of $949.96 million, a price-to-earnings ratio of 20.57 and a beta of 0.70. The firm’s fifty day moving average is $50.54 and its 200-day moving average is $48.66.

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

Several large investors have recently modified their holdings of GLOV. National Bank of Canada FI increased its stake in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 60.8% during the second quarter. National Bank of Canada FI now owns 817 shares of the company’s stock valued at $38,000 after purchasing an additional 309 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 1.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 64,881 shares of the company’s stock valued at $3,038,000 after acquiring an additional 1,090 shares during the period. Cetera Investment Advisers grew its holdings 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 last quarter. Maia Wealth LLC acquired a new stake in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF during the 2nd quarter worth approximately $230,000. Finally, Principal Securities Inc. lifted its holdings in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 6.8% in the 3rd quarter. Principal Securities Inc. now owns 92,440 shares of the company’s stock worth $4,698,000 after purchasing an additional 5,896 shares during the last quarter.

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.