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

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) reached a new 52-week high on Thursday . The stock traded as high as $175.48 and last traded at $175.43, with a volume of 36919 shares changing hands. The stock had previously closed at $171.34.

Goldman Sachs Hedge Industry VIP ETF Stock Up 2.4%

The firm has a market cap of $526.29 million, a PE ratio of 28.77 and a beta of 1.08. The firm has a 50-day moving average price of $155.38 and a two-hundred day moving average price of $155.37.

Institutional Investors Weigh In On Goldman Sachs Hedge Industry VIP ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Main Street Group LTD acquired a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the first quarter valued at approximately $42,000. Northwestern Mutual Wealth Management Co. increased its holdings 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 last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the third quarter valued at approximately $132,000. Strategic Blueprint LLC acquired a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the fourth quarter valued at approximately $208,000. Finally, StoneX Group Inc. acquired a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the second quarter valued at approximately $208,000.

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.