Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Trading 1.5% Higher – Still a Buy?

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIPGet Free Report) traded up 1.5% on Monday . The stock traded as high as $156.25 and last traded at $156.20. 28,785 shares changed hands during trading, an increase of 198% from the average session volume of 9,659 shares. The stock had previously closed at $153.90.

Goldman Sachs Hedge Industry VIP ETF Stock Performance

The firm has a market capitalization of $421.74 million, a P/E ratio of 28.77 and a beta of 1.06. The stock has a 50 day moving average of $152.84 and a 200-day moving average of $146.22.

Institutional Investors Weigh In On Goldman Sachs Hedge Industry VIP ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MAI Capital Management bought a new position in Goldman Sachs Hedge Industry VIP ETF during the first quarter valued at approximately $48,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 31.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock valued at $107,000 after buying an additional 166 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Goldman Sachs Hedge Industry VIP ETF during the third quarter valued at approximately $132,000. Investment Partners Asset Management Inc. bought a new stake in Goldman Sachs Hedge Industry VIP ETF during the 3rd quarter valued at about $205,000. Finally, Level Four Advisory Services LLC bought a new position in shares of Goldman Sachs Hedge Industry VIP ETF during the second quarter valued at $204,000.

Goldman Sachs Hedge Industry VIP ETF Company Profile

(Get Free Report)

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.

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