Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Shares Gap Down – Time to Sell?

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $191.74, but opened at $180.15. Goldman Sachs Hedge Industry VIP ETF shares last traded at $180.38, with a volume of 903 shares changing hands.

Goldman Sachs Hedge Industry VIP ETF Stock Up 0.7%

The stock has a market capitalization of $544.68 million, a P/E ratio of 28.77 and a beta of 1.09. The company has a 50-day moving average price of $173.53 and a two-hundred day moving average price of $161.34.

Hedge Funds Weigh In On Goldman Sachs Hedge Industry VIP ETF

A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in Goldman Sachs Hedge Industry VIP ETF by 7.1% in the 1st quarter. Bank of America Corp DE now owns 173,420 shares of the company’s stock worth $25,272,000 after acquiring an additional 11,505 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 100.4% during the first quarter. NewEdge Advisors LLC now owns 91,780 shares of the company’s stock valued at $13,375,000 after acquiring an additional 45,992 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 6.0% during the fourth quarter. LPL Financial LLC now owns 81,040 shares of the company’s stock worth $12,553,000 after purchasing an additional 4,558 shares during the period. Raymond James Financial Inc. grew its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 29.8% in the third quarter. Raymond James Financial Inc. now owns 54,028 shares of the company’s stock worth $8,280,000 after purchasing an additional 12,404 shares during the last quarter. Finally, Texas Yale Capital Corp. grew its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 3.4% in the fourth quarter. Texas Yale Capital Corp. now owns 47,736 shares of the company’s stock worth $7,394,000 after purchasing an additional 1,548 shares during the last quarter.

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.