Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Sees Strong Trading Volume – Should You Buy?

Shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) saw strong trading volume on Thursday . Approximately 45,560 shares changed hands during trading, an increase of 263% from the previous session’s volume of 12,556 shares.The stock last traded at $173.05 and had previously closed at $172.99.

Goldman Sachs Hedge Industry VIP ETF Stock Performance

The firm’s 50-day moving average is $176.12 and its two-hundred day moving average is $167.57. The stock has a market cap of $565.92 million, a P/E ratio of 28.77 and a beta of 1.09.

Institutional Trading of Goldman Sachs Hedge Industry VIP ETF

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

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.