NewEdge Advisors LLC Purchases 45,992 Shares of Goldman Sachs Hedge Industry VIP ETF $GVIP

NewEdge Advisors LLC increased its position in shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) by 100.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,780 shares of the company’s stock after acquiring an additional 45,992 shares during the period. NewEdge Advisors LLC owned about 3.06% of Goldman Sachs Hedge Industry VIP ETF worth $13,375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in Goldman Sachs Hedge Industry VIP ETF by 7.1% during the first quarter. Bank of America Corp DE now owns 173,420 shares of the company’s stock worth $25,272,000 after purchasing an additional 11,505 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 6.0% during the 4th quarter. LPL Financial LLC now owns 81,040 shares of the company’s stock worth $12,553,000 after buying an additional 4,558 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Goldman Sachs Hedge Industry VIP ETF by 29.8% during the 3rd quarter. Raymond James Financial Inc. now owns 54,028 shares of the company’s stock worth $8,280,000 after buying an additional 12,404 shares during the last quarter. Texas Yale Capital Corp. lifted its position in shares of Goldman Sachs Hedge Industry VIP ETF by 3.4% during the 4th quarter. Texas Yale Capital Corp. now owns 47,736 shares of the company’s stock worth $7,394,000 after buying an additional 1,548 shares during the last quarter. Finally, Great Lakes Retirement Inc. boosted its stake in Goldman Sachs Hedge Industry VIP ETF by 15.5% in the fourth quarter. Great Lakes Retirement Inc. now owns 38,651 shares of the company’s stock valued at $5,987,000 after buying an additional 5,187 shares in the last quarter.

Goldman Sachs Hedge Industry VIP ETF Stock Up 1.1%

Goldman Sachs Hedge Industry VIP ETF stock opened at $175.25 on Friday. The business’s 50-day moving average price is $177.51 and its two-hundred day moving average price is $165.98. Goldman Sachs Hedge Industry VIP ETF has a 12-month low of $138.35 and a 12-month high of $192.13. The stock has a market cap of $578.33 million, a PE ratio of 28.77 and a beta of 1.09.

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.