NewEdge Advisors LLC Purchases 6,235 Shares of Goldman Sachs Hedge Industry VIP ETF $GVIP

NewEdge Advisors LLC lifted its position in shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) by 6.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,015 shares of the company’s stock after purchasing an additional 6,235 shares during the quarter. NewEdge Advisors LLC owned 2.97% of Goldman Sachs Hedge Industry VIP ETF worth $18,496,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GVIP. JNBA Financial Advisors acquired a new stake in Goldman Sachs Hedge Industry VIP ETF in the 2nd quarter valued at $37,000. Main Street Group LTD acquired a new position in Goldman Sachs Hedge Industry VIP ETF during the first quarter worth $42,000. Northwestern Mutual Wealth Management Co. raised its holdings in Goldman Sachs Hedge Industry VIP ETF by 31.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock worth $107,000 after buying an additional 166 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the third quarter valued at $132,000. Finally, StoneX Group Inc. bought a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the second quarter valued at $208,000.

Goldman Sachs Hedge Industry VIP ETF Price Performance

Shares of NYSEARCA GVIP opened at $170.06 on Friday. The company has a 50-day moving average price of $173.99 and a 200-day moving average price of $168.53. The stock has a market capitalization of $561.20 million, a P/E ratio of 28.77 and a beta of 1.09. Goldman Sachs Hedge Industry VIP ETF has a 1 year low of $138.73 and a 1 year high of $192.13.

About Goldman Sachs Hedge Industry VIP ETF

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.