Goldman Sachs Bloomberg Clean Energy Equity ETF (BATS:GCLN) Trading Up 0.3% – Should You Buy?

Shares of Goldman Sachs Bloomberg Clean Energy Equity ETF (BATS:GCLN) shot up 0.3% during trading on Tuesday . The company traded as high as $36.55 and last traded at $36.55. 14 shares traded hands during trading, The stock had previously closed at $36.43.

Goldman Sachs Bloomberg Clean Energy Equity ETF Stock Up 1.4 %

The stock has a 50 day moving average of $36.95 and a 200 day moving average of $35.25. The company has a market capitalization of $14.69 million, a price-to-earnings ratio of 18.35 and a beta of 0.89.

Hedge Funds Weigh In On Goldman Sachs Bloomberg Clean Energy Equity ETF

An institutional investor recently raised its position in Goldman Sachs Bloomberg Clean Energy Equity ETF stock. Virtu Financial LLC increased its stake in Goldman Sachs Bloomberg Clean Energy Equity ETF (BATS:GCLN) by 85.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,052 shares of the company’s stock after acquiring an additional 10,149 shares during the quarter. Virtu Financial LLC owned about 5.51% of Goldman Sachs Bloomberg Clean Energy Equity ETF worth $726,000 at the end of the most recent reporting period.

Goldman Sachs Bloomberg Clean Energy Equity ETF Company Profile

The Goldman Sachs Bloomberg Clean Energy Equity ETF (GCLN) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies expected to have significant impact on the clean energy industry. Holdings are market-cap weighted and tilted towards those with more relevance to clean energy and decarbonization.