Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Sees Large Volume Increase – Here’s What Happened

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) saw unusually-high trading volume on Wednesday . Approximately 55,108 shares traded hands during mid-day trading, an increase of 324% from the previous session’s volume of 12,984 shares.The stock last traded at $179.97 and had previously closed at $180.54.

Goldman Sachs Hedge Industry VIP ETF Stock Up 0.7%

The firm has a market cap of $543.33 million, a PE ratio of 28.77 and a beta of 1.09. The company’s 50 day moving average price is $165.53 and its two-hundred day moving average price is $158.68.

Institutional Investors Weigh In On Goldman Sachs Hedge Industry VIP ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC grew its holdings in Goldman Sachs Hedge Industry VIP ETF by 1.3% during the 4th quarter. HighTower Advisors LLC now owns 5,373 shares of the company’s stock worth $832,000 after acquiring an additional 67 shares in the last quarter. Summit Financial LLC grew its holdings in Goldman Sachs Hedge Industry VIP ETF by 0.7% during the 4th quarter. Summit Financial LLC now owns 10,352 shares of the company’s stock worth $1,603,000 after acquiring an additional 70 shares in the last quarter. Mariner LLC grew its holdings in Goldman Sachs Hedge Industry VIP ETF by 4.7% during the 4th quarter. Mariner LLC now owns 2,066 shares of the company’s stock worth $320,000 after acquiring an additional 92 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Goldman Sachs Hedge Industry VIP ETF by 31.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock worth $107,000 after acquiring an additional 166 shares in the last quarter. Finally, Hudson Value Partners LLC grew its holdings in Goldman Sachs Hedge Industry VIP ETF by 1.5% during the 4th quarter. Hudson Value Partners LLC now owns 15,632 shares of the company’s stock worth $2,422,000 after acquiring an additional 231 shares in the last quarter.

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.