Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Trading Up 2.1% – Still a Buy?

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) rose 2.1% during trading on Wednesday . The company traded as high as $128.23 and last traded at $128.07. Approximately 2,387 shares changed hands during trading, a decline of 74% from the average daily volume of 9,065 shares. The stock had previously closed at $125.48.

Goldman Sachs Hedge Industry VIP ETF Trading Up 2.1 %

The firm has a market cap of $217.72 million, a PE ratio of 29.46 and a beta of 1.09. The business’s 50-day simple moving average is $126.64 and its 200 day simple moving average is $119.25.

Hedge Funds Weigh In On Goldman Sachs Hedge Industry VIP ETF

Several institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC lifted its holdings in Goldman Sachs Hedge Industry VIP ETF by 41.3% during the second quarter. NewEdge Advisors LLC now owns 89,092 shares of the company’s stock worth $9,850,000 after buying an additional 26,062 shares during the period. Great Lakes Retirement Inc. lifted its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 4.2% during the 3rd quarter. Great Lakes Retirement Inc. now owns 29,612 shares of the company’s stock worth $3,542,000 after purchasing an additional 1,197 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 7.4% during the 3rd quarter. Private Advisor Group LLC now owns 16,688 shares of the company’s stock worth $1,996,000 after purchasing an additional 1,143 shares during the last quarter. Lionsbridge Wealth Management LLC bought a new stake in Goldman Sachs Hedge Industry VIP ETF during the third quarter valued at about $1,752,000. Finally, Hudson Value Partners LLC grew its stake in Goldman Sachs Hedge Industry VIP ETF by 4.8% in the third quarter. Hudson Value Partners LLC now owns 11,774 shares of the company’s stock valued at $1,408,000 after purchasing an additional 539 shares during the last quarter.

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.