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

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) shares rose 2.1% on Wednesday . The stock traded as high as $128.23 and last traded at $128.07. Approximately 2,387 shares were traded during mid-day 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 Up 2.1 %

The company’s 50 day simple moving average is $126.64 and its two-hundred day simple moving average is $119.25. The company has a market capitalization of $217.72 million, a price-to-earnings ratio of 29.46 and a beta of 1.09.

Institutional Trading of Goldman Sachs Hedge Industry VIP ETF

A number of institutional investors have recently made changes to their positions in the business. Nwam LLC acquired a new position in Goldman Sachs Hedge Industry VIP ETF during the 3rd quarter valued at about $364,000. Sanctuary Advisors LLC purchased a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the second quarter worth about $786,000. Hudson Value Partners LLC increased its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 4.8% during the third 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. Lionsbridge Wealth Management LLC purchased a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the 3rd quarter valued at approximately $1,752,000. Finally, Private Advisor Group LLC raised its position in shares of Goldman Sachs Hedge Industry VIP ETF by 7.4% in the 3rd quarter. Private Advisor Group LLC now owns 16,688 shares of the company’s stock valued at $1,996,000 after purchasing an additional 1,143 shares during the last quarter.

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.