Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) saw unusually-high trading volume on Thursday . Approximately 45,560 shares traded hands during mid-day trading, an increase of 263% from the previous session’s volume of 12,556 shares.The stock last traded at $173.05 and had previously closed at $172.99.

Goldman Sachs Hedge Industry VIP ETF Trading Up 0.0%

The company has a market cap of $571.07 million, a P/E ratio of 28.77 and a beta of 1.09. The stock’s 50-day moving average price is $176.65 and its 200-day moving average price is $167.43.

Institutional Investors Weigh In On Goldman Sachs Hedge Industry VIP ETF

A number of hedge funds have recently added to or reduced their stakes in GVIP. JNBA Financial Advisors bought a new position in shares of Goldman Sachs Hedge Industry VIP ETF during the 2nd quarter worth approximately $37,000. Main Street Group LTD bought a new stake in Goldman Sachs Hedge Industry VIP ETF during the 1st quarter worth approximately $42,000. Northwestern Mutual Wealth Management Co. lifted its stake in Goldman Sachs Hedge Industry VIP ETF by 31.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock worth $107,000 after purchasing an additional 166 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Goldman Sachs Hedge Industry VIP ETF in the 3rd quarter valued at $132,000. Finally, Strategic Blueprint LLC bought a new position in Goldman Sachs Hedge Industry VIP ETF in the 4th 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.