Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Stock Jumps 0.5% – Should You Buy?

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP – Get Free Report)’s share price rose 0.5% during mid-day trading on Friday. The company traded as high as $172.07 and last traded at $171.44. Approximately 5,840 shares traded hands during trading, a decline of 52% from the average daily volume of 12,059 shares. The stock had previously closed at $170.51.

Goldman Sachs Hedge Industry VIP ETF Price Performance

The company’s 50 day moving average price is $171.79 and its two-hundred day moving average price is $170.34. The stock has a market capitalization of $582.90 million, a PE ratio of 28.77 and a beta of 1.09.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC boosted 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 valued at $13,375,000 after acquiring an additional 45,992 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in Goldman Sachs Hedge Industry VIP ETF during the fourth quarter worth about $4,830,000. Bank of America Corp DE raised its stake in Goldman Sachs Hedge Industry VIP ETF by 7.1% during the first quarter. Bank of America Corp DE now owns 173,420 shares of the company’s stock worth $25,272,000 after purchasing an additional 11,505 shares during the period. Royal Harbor Partners LLC purchased a new position in Goldman Sachs Hedge Industry VIP ETF during the fourth quarter worth about $1,765,000. Finally, Hudson Value Partners LLC raised its stake in Goldman Sachs Hedge Industry VIP ETF by 49.6% during the second quarter. Hudson Value Partners LLC now owns 24,163 shares of the company’s stock worth $4,560,000 after purchasing an additional 8,012 shares during the period.

About Goldman Sachs Hedge Industry VIP ETF

(Get Free Report)

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.

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