Goldman Sachs Hedge Industry VIP ETF $GVIP Stake Boosted by Truist Financial Corp

Truist Financial Corp raised its position in shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) by 28.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,566 shares of the company’s stock after buying an additional 5,184 shares during the quarter. Truist Financial Corp owned 0.81% of Goldman Sachs Hedge Industry VIP ETF worth $3,650,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. purchased a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the fourth quarter worth approximately $215,000. Strategic Blueprint LLC purchased a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the 4th quarter valued at approximately $208,000. UBS Group AG lifted its position in shares of Goldman Sachs Hedge Industry VIP ETF by 8.6% in the 4th quarter. UBS Group AG now owns 14,256 shares of the company’s stock valued at $2,208,000 after acquiring an additional 1,134 shares in the last quarter. Hudson Value Partners LLC boosted 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 worth $2,422,000 after purchasing an additional 231 shares during the period. Finally, Revisor Wealth Management LLC acquired a new position in Goldman Sachs Hedge Industry VIP ETF in the 4th quarter worth approximately $215,000.

Goldman Sachs Hedge Industry VIP ETF Stock Performance

NYSEARCA GVIP opened at $176.17 on Tuesday. The firm’s 50 day moving average price is $156.41 and its two-hundred day moving average price is $155.85. Goldman Sachs Hedge Industry VIP ETF has a twelve month low of $127.30 and a twelve month high of $177.27. The stock has a market cap of $528.51 million, a price-to-earnings 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.