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

Shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) hit a new 52-week high during trading on Monday . The company traded as high as $181.96 and last traded at $181.96, with a volume of 456 shares. The stock had previously closed at $175.92.

Goldman Sachs Hedge Industry VIP ETF Stock Performance

The stock has a market cap of $547.98 million, a price-to-earnings ratio of 28.77 and a beta of 1.09. The business’s fifty day simple moving average is $169.05 and its 200 day simple moving average is $159.79.

Hedge Funds Weigh In On Goldman Sachs Hedge Industry VIP ETF

Institutional investors have recently added to or reduced their stakes in the company. Main Street Group LTD acquired a new position in Goldman Sachs Hedge Industry VIP ETF in the 1st quarter worth $42,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 31.2% in the 3rd 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. acquired a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the 3rd quarter valued at about $132,000. Strategic Blueprint LLC acquired a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the 4th quarter valued at about $208,000. Finally, Revisor Wealth Management LLC acquired a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the 4th quarter valued at about $215,000.

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.