NewEdge Advisors LLC Has $13.38 Million Holdings in Goldman Sachs Hedge Industry VIP ETF $GVIP

NewEdge Advisors LLC increased its holdings in Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) by 100.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 91,780 shares of the company’s stock after purchasing an additional 45,992 shares during the period. NewEdge Advisors LLC’s holdings in Goldman Sachs Hedge Industry VIP ETF were worth $13,375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GVIP. Farther Finance Advisors LLC acquired a new position in Goldman Sachs Hedge Industry VIP ETF during the 4th quarter worth about $853,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 4,855.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 34,590 shares of the company’s stock valued at $5,358,000 after buying an additional 33,892 shares during the period. Commonwealth Equity Services LLC acquired a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the fourth quarter valued at about $4,830,000. Truist Financial Corp increased its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 28.2% in the fourth quarter. Truist Financial Corp now owns 23,566 shares of the company’s stock valued at $3,650,000 after buying an additional 5,184 shares during the period. Finally, Royal Harbor Partners LLC bought a new position in shares of Goldman Sachs Hedge Industry VIP ETF during the fourth quarter worth about $1,765,000.

Goldman Sachs Hedge Industry VIP ETF Price Performance

Goldman Sachs Hedge Industry VIP ETF stock opened at $175.25 on Friday. The stock’s 50 day moving average is $177.51 and its 200 day moving average is $165.98. The firm has a market cap of $578.33 million, a P/E ratio of 28.77 and a beta of 1.09. Goldman Sachs Hedge Industry VIP ETF has a one year low of $138.35 and a one year high of $192.13.

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.