Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Sees Strong Trading Volume – Here’s Why

Shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) saw strong trading volume on Thursday . 18,888 shares traded hands during mid-day trading, an increase of 53% from the previous session’s volume of 12,381 shares.The stock last traded at $173.24 and had previously closed at $173.38.

Goldman Sachs Hedge Industry VIP ETF Trading Down 0.5%

The business’s fifty day simple moving average is $177.34 and its 200-day simple moving average is $166.91. The firm has a market cap of $569.12 million, a P/E ratio of 28.77 and a beta of 1.09.

Hedge Funds Weigh In On Goldman Sachs Hedge Industry VIP ETF

A number of large investors have recently modified their holdings of GVIP. Jane Street Group LLC boosted its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 449.5% during the first quarter. Jane Street Group LLC now owns 11,962 shares of the company’s stock valued at $1,410,000 after purchasing an additional 9,785 shares during the period. StoneX Group Inc. purchased a new position in shares of Goldman Sachs Hedge Industry VIP ETF during the 2nd quarter worth approximately $208,000. Raymond James Financial Inc. raised its holdings in Goldman Sachs Hedge Industry VIP ETF by 1,226.9% in the second quarter. Raymond James Financial Inc. now owns 41,624 shares of the company’s stock worth $5,760,000 after purchasing an additional 38,487 shares in the last quarter. Bank of America Corp DE lifted its position in Goldman Sachs Hedge Industry VIP ETF by 5.1% during the 2nd quarter. Bank of America Corp DE now owns 155,110 shares of the company’s stock valued at $21,463,000 after acquiring an additional 7,474 shares during the period. Finally, JPMorgan Chase & Co. purchased a new position in shares of Goldman Sachs Hedge Industry VIP ETF during the third quarter valued at approximately $132,000.

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.