Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Sees Strong Trading Volume – Here’s Why

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) shares saw unusually-strong trading volume on Wednesday . Approximately 55,108 shares were traded during 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 Trading Down 0.7%

The firm has a fifty day simple moving average of $163.56 and a 200-day simple moving average of $158.08. The stock has a market cap of $537.63 million, a price-to-earnings ratio of 28.77 and a beta of 1.08.

Institutional Trading of Goldman Sachs Hedge Industry VIP ETF

Hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC raised 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 buying an additional 67 shares during the period. Summit Financial LLC raised 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 buying an additional 70 shares during the period. Mariner LLC raised 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 buying an additional 92 shares during the period. Northwestern Mutual Wealth Management Co. raised 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 buying an additional 166 shares during the period. Finally, Hudson Value Partners LLC raised 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 buying an additional 231 shares during the period.

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.