Avestar Capital LLC Acquires 1,296 Shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP)

Avestar Capital LLC lifted its stake in Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 57,306 shares of the company’s stock after purchasing an additional 1,296 shares during the quarter. Avestar Capital LLC’s holdings in Goldman Sachs Hedge Industry VIP ETF were worth $7,110,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GVIP. Great Lakes Retirement Inc. raised its stake in Goldman Sachs Hedge Industry VIP ETF by 3.3% during the fourth quarter. Great Lakes Retirement Inc. now owns 30,587 shares of the company’s stock valued at $3,795,000 after buying an additional 975 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 7.4% during the third quarter. Private Advisor Group LLC now owns 16,688 shares of the company’s stock valued at $1,996,000 after acquiring an additional 1,143 shares in the last quarter. Lionsbridge Wealth Management LLC purchased a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the 3rd quarter worth about $1,752,000. Hudson Value Partners LLC boosted its stake in Goldman Sachs Hedge Industry VIP ETF by 4.8% in the 3rd quarter. Hudson Value Partners LLC now owns 11,774 shares of the company’s stock worth $1,408,000 after purchasing an additional 539 shares in the last quarter. Finally, Nwam LLC bought a new position in Goldman Sachs Hedge Industry VIP ETF in the 3rd quarter worth about $364,000.

Goldman Sachs Hedge Industry VIP ETF Stock Performance

NYSEARCA:GVIP opened at $132.90 on Thursday. The firm has a market cap of $225.93 million, a P/E ratio of 29.46 and a beta of 1.09. Goldman Sachs Hedge Industry VIP ETF has a fifty-two week low of $98.77 and a fifty-two week high of $133.63. The firm has a 50-day simple moving average of $128.16 and a two-hundred day simple moving average of $121.92.

About Goldman Sachs Hedge Industry VIP ETF

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.