Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Trading Up 2.1% – Here’s Why

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP)’s stock price was up 2.1% during mid-day trading on Wednesday . The company traded as high as $128.23 and last traded at $128.07. Approximately 2,387 shares were traded during trading, a decline of 74% from the average daily volume of 9,065 shares. The stock had previously closed at $125.48.

Goldman Sachs Hedge Industry VIP ETF Stock Performance

The business has a 50-day simple moving average of $126.69 and a 200 day simple moving average of $119.32. The firm has a market cap of $219.96 million, a P/E ratio of 29.46 and a beta of 1.09.

Institutional Trading of Goldman Sachs Hedge Industry VIP ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Atomi Financial Group Inc. purchased a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the 4th quarter worth about $215,000. Nwam LLC bought a new position in Goldman Sachs Hedge Industry VIP ETF in the third quarter worth about $364,000. Lionsbridge Wealth Management LLC purchased a new stake in Goldman Sachs Hedge Industry VIP ETF in the third quarter worth about $1,752,000. Hudson Value Partners LLC boosted its position in Goldman Sachs Hedge Industry VIP ETF by 4.8% during the 3rd quarter. Hudson Value Partners LLC now owns 11,774 shares of the company’s stock valued at $1,408,000 after acquiring an additional 539 shares in the last quarter. Finally, Great Lakes Retirement Inc. grew its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 4.2% during the 3rd quarter. Great Lakes Retirement Inc. now owns 29,612 shares of the company’s stock worth $3,542,000 after acquiring an additional 1,197 shares during the period.

Goldman Sachs Hedge Industry VIP ETF Company Profile

The Goldman Sachs Hedge Industry VIP ETF (GVIP) is an exchange-traded fund that is based on the Goldman Sachs Hedge Fund VIP index. The fund tracks an equal-weighted index of the 50 most-frequently held US companies selected from the portfolios of hedge funds. GVIP was launched on Nov 1, 2016 and is managed by Goldman Sachs.