Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Hits New 52-Week High – Here’s What Happened

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $192.13 and last traded at $191.74, with a volume of 4749 shares changing hands. The stock had previously closed at $185.52.

Goldman Sachs Hedge Industry VIP ETF Trading Down 0.7%

The firm has a market cap of $536.91 million, a P/E ratio of 28.77 and a beta of 1.09. The company’s fifty day moving average price is $173.53 and its two-hundred day moving average price is $161.34.

Hedge Funds Weigh In On Goldman Sachs Hedge Industry VIP ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GVIP. Envestnet Asset Management Inc. raised its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 220.4% in the third quarter. Envestnet Asset Management Inc. now owns 5,918 shares of the company’s stock valued at $907,000 after acquiring an additional 4,071 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the 4th quarter worth approximately $853,000. Northwestern Mutual Wealth Management Co. grew its position in Goldman Sachs Hedge Industry VIP ETF by 4,855.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 34,590 shares of the company’s stock worth $5,358,000 after acquiring an additional 33,892 shares during the last quarter. Truist Financial Corp grew its position in Goldman Sachs Hedge Industry VIP ETF by 28.2% during the 4th quarter. Truist Financial Corp now owns 23,566 shares of the company’s stock worth $3,650,000 after acquiring an additional 5,184 shares during the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in Goldman Sachs Hedge Industry VIP ETF during the 4th quarter valued at $4,830,000.

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.