Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Sets New 12-Month High – Here’s What Happened

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $166.75 and last traded at $166.75, with a volume of 4831 shares traded. The stock had previously closed at $164.02.

Goldman Sachs Hedge Industry VIP ETF Stock Up 1.2%

The firm has a market capitalization of $498.18 million, a PE ratio of 28.77 and a beta of 1.05. The firm’s 50 day moving average price is $153.17 and its two-hundred day moving average price is $154.24.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GVIP. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 31.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock valued at $107,000 after purchasing an additional 166 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the third quarter valued at $132,000. Investment Partners Asset Management Inc. purchased a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the third quarter valued at $205,000. Strategic Blueprint LLC purchased a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the fourth quarter valued at $208,000. Finally, StoneX Group Inc. purchased a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the second quarter valued at $208,000.

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.