Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Sees Unusually-High Trading Volume – Still a Buy?
by Kim Johansen · The Markets DailyGoldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP – Get Free Report) shares saw unusually-high trading volume on Friday . 11,507 shares traded hands during mid-day trading, a decline of 9% from the previous session’s volume of 12,674 shares.The stock last traded at $172.93 and had previously closed at $175.03.
Goldman Sachs Hedge Industry VIP ETF Stock Down 0.6%
The company has a 50-day moving average price of $178.42 and a 200-day moving average price of $165.11. The firm has a market capitalization of $573.90 million, a price-to-earnings ratio of 28.77 and a beta of 1.08.
Institutional Trading of Goldman Sachs Hedge Industry VIP ETF
Hedge funds have recently added to or reduced their stakes in the business. Main Street Group LTD bought a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the first quarter worth $42,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 31.2% during 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 in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the third quarter valued at about $132,000. Strategic Blueprint LLC acquired a new stake in Goldman Sachs Hedge Industry VIP ETF in the fourth quarter worth about $208,000. Finally, StoneX Group Inc. acquired a new stake in Goldman Sachs Hedge Industry VIP ETF in the second quarter worth about $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.