Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Stock Price Up 0.5% – What’s Next?

Shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) were up 0.5% during mid-day trading on Friday. The stock traded as high as $172.07 and last traded at $171.44. Approximately 5,840 shares were traded during trading, a decline of 52% from the average daily volume of 12,059 shares. The stock had previously closed at $170.51.

Goldman Sachs Hedge Industry VIP ETF Price Performance

The company has a market capitalization of $582.90 million, a price-to-earnings ratio of 28.77 and a beta of 1.09. The firm has a fifty day simple moving average of $171.79 and a 200 day simple moving average of $170.34.

Institutional Investors Weigh In On Goldman Sachs Hedge Industry VIP ETF

Several institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its stake in Goldman Sachs Hedge Industry VIP ETF by 48.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 2,944 shares of the company’s stock worth $556,000 after buying an additional 966 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 6.8% in the second quarter. NewEdge Advisors LLC now owns 98,015 shares of the company’s stock worth $18,496,000 after acquiring an additional 6,235 shares during the last quarter. JNBA Financial Advisors purchased a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the second quarter worth approximately $37,000. Hudson Value Partners LLC increased its position in shares of Goldman Sachs Hedge Industry VIP ETF by 49.6% during the second quarter. Hudson Value Partners LLC now owns 24,163 shares of the company’s stock worth $4,560,000 after purchasing an additional 8,012 shares in the last quarter. Finally, GK Wealth Management LLC acquired a new position in Goldman Sachs Hedge Industry VIP ETF in the 2nd quarter valued at $913,000.

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.