Private Advisory Group LLC Sells 100,389 Shares of Goldman Sachs Hedge Industry VIP ETF $GVIP

Private Advisory Group LLC lowered its position in Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) by 71.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 40,041 shares of the company’s stock after selling 100,389 shares during the quarter. Private Advisory Group LLC’s holdings in Goldman Sachs Hedge Industry VIP ETF were worth $6,813,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signature Equity Partners LLC grew its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 141.7% during the third quarter. Signature Equity Partners LLC now owns 145 shares of the company’s stock valued at $25,000 after acquiring an additional 85 shares in the last quarter. JNBA Financial Advisors purchased a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the second quarter worth about $37,000. Main Street Group LTD purchased a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the first quarter worth about $42,000. Cornell Pochily Investment Advisors Inc. purchased a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the third quarter worth about $227,000. Finally, Mather Group LLC. purchased a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the third quarter worth about $255,000.

Goldman Sachs Hedge Industry VIP ETF Stock Performance

NYSEARCA:GVIP opened at $161.35 on Friday. Goldman Sachs Hedge Industry VIP ETF has a one year low of $138.73 and a one year high of $192.13. The business’s 50-day simple moving average is $166.95 and its 200 day simple moving average is $167.03. The stock has a market cap of $545.36 million, a price-to-earnings ratio of 21.54 and a beta of 1.12.

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.