Northwestern Mutual Wealth Management Co. Has $5.36 Million Stake in Goldman Sachs Hedge Industry VIP ETF $GVIP

Northwestern Mutual Wealth Management Co. increased its stake in shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) by 4,855.6% during the fourth quarter, HoldingsChannel reports. The fund owned 34,590 shares of the company’s stock after buying an additional 33,892 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Goldman Sachs Hedge Industry VIP ETF were worth $5,358,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Truist Financial Corp raised its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 28.2% during the fourth quarter. Truist Financial Corp now owns 23,566 shares of the company’s stock worth $3,650,000 after acquiring an additional 5,184 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the fourth quarter worth $215,000. Strategic Blueprint LLC acquired a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the fourth quarter worth $208,000. UBS Group AG raised its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 8.6% during the fourth quarter. UBS Group AG now owns 14,256 shares of the company’s stock worth $2,208,000 after acquiring an additional 1,134 shares during the period. Finally, Hudson Value Partners LLC increased its stake in Goldman Sachs Hedge Industry VIP ETF by 1.5% in the 4th quarter. Hudson Value Partners LLC now owns 15,632 shares of the company’s stock valued at $2,422,000 after buying an additional 231 shares during the last quarter.

Goldman Sachs Hedge Industry VIP ETF Trading Down 0.0%

Shares of GVIP stock opened at $174.26 on Friday. Goldman Sachs Hedge Industry VIP ETF has a 1 year low of $127.31 and a 1 year high of $177.27. The firm’s fifty day moving average price is $160.10 and its two-hundred day moving average price is $157.02. The firm has a market capitalization of $522.78 million, a P/E ratio of 28.77 and a beta of 1.08.

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.