GK Wealth Management LLC Makes New $913,000 Investment in Goldman Sachs Hedge Industry VIP ETF $GVIP

GK Wealth Management LLC purchased a new position in Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) in the second quarter, HoldingsChannel reports. The institutional investor purchased 4,836 shares of the company’s stock, valued at approximately $913,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. HighTower Advisors LLC grew its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 1.3% during the fourth quarter. HighTower Advisors LLC now owns 5,373 shares of the company’s stock valued at $832,000 after buying an additional 67 shares during the last quarter. Summit Financial LLC raised its stake in Goldman Sachs Hedge Industry VIP ETF by 0.7% in the 4th quarter. Summit Financial LLC now owns 10,352 shares of the company’s stock worth $1,603,000 after acquiring an additional 70 shares during the last quarter. Mariner LLC lifted its position in Goldman Sachs Hedge Industry VIP ETF by 4.7% during the 4th quarter. Mariner LLC now owns 2,066 shares of the company’s stock worth $320,000 after acquiring an additional 92 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Goldman Sachs Hedge Industry VIP ETF by 31.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock worth $107,000 after acquiring an additional 166 shares during the period. Finally, Hudson Value Partners LLC grew its stake in Goldman Sachs Hedge Industry VIP ETF by 1.5% during the 4th quarter. Hudson Value Partners LLC now owns 15,632 shares of the company’s stock valued at $2,422,000 after purchasing an additional 231 shares during the last quarter.

Goldman Sachs Hedge Industry VIP ETF Stock Performance

Shares of GVIP stock opened at $175.56 on Wednesday. Goldman Sachs Hedge Industry VIP ETF has a fifty-two week low of $137.86 and a fifty-two week high of $192.13. The firm has a market capitalization of $579.35 million, a PE ratio of 28.77 and a beta of 1.09. The stock’s 50-day simple moving average is $177.78 and its 200-day simple moving average is $165.70.

Goldman Sachs Hedge Industry VIP ETF 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.