Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV) Shares Up 6.9% – Here’s What Happened

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV) shot up 6.9% on Friday . The stock traded as high as $54.22 and last traded at $58.14. 57,875 shares were traded during mid-day trading, an increase of 8% from the average session volume of 53,710 shares. The stock had previously closed at $54.37.

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF Stock Performance

The company has a market cap of $1.40 billion, a PE ratio of 19.52 and a beta of 0.74. The stock has a fifty day moving average of $57.19 and a 200-day moving average of $56.16.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 18.8% in the first quarter. Royal Bank of Canada now owns 5,482 shares of the company’s stock valued at $282,000 after purchasing an additional 868 shares during the last quarter. Truist Financial Corp acquired a new position in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF in the 2nd quarter valued at $3,965,000. Empirical Asset Management LLC grew its position in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 0.9% in the 2nd quarter. Empirical Asset Management LLC now owns 23,186 shares of the company’s stock valued at $1,270,000 after buying an additional 210 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 31.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 351,816 shares of the company’s stock worth $19,269,000 after acquiring an additional 83,511 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 52.2% in the second quarter. Bank of Montreal Can now owns 1,260 shares of the company’s stock valued at $69,000 after acquiring an additional 432 shares during 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.