Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Sees Unusually-High Trading Volume – Here’s Why

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) shares saw an uptick in trading volume on Tuesday . 92,227 shares changed hands during mid-day trading, an increase of 569% from the previous session’s volume of 13,780 shares.The stock last traded at $171.72 and had previously closed at $168.63.

Goldman Sachs Hedge Industry VIP ETF Stock Up 1.6%

The stock has a 50 day simple moving average of $154.78 and a 200 day simple moving average of $155.08. The company has a market capitalization of $514.02 million, a price-to-earnings ratio of 28.77 and a beta of 1.08.

Hedge Funds Weigh In On Goldman Sachs Hedge Industry VIP ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its stake in Goldman Sachs Hedge Industry VIP ETF by 31.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock valued at $107,000 after acquiring an additional 166 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the third quarter valued at approximately $132,000. Strategic Blueprint LLC bought a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the fourth quarter valued at approximately $208,000. Revisor Wealth Management LLC bought a new stake in Goldman Sachs Hedge Industry VIP ETF during the fourth quarter worth approximately $215,000. Finally, Oppenheimer & Co. Inc. bought a new stake in Goldman Sachs Hedge Industry VIP ETF during the fourth quarter worth approximately $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.