Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Reaches New 1-Year High – Here’s What Happened

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $192.13 and last traded at $191.74, with a volume of 4749 shares changing hands. The stock had previously closed at $185.52.

Goldman Sachs Hedge Industry VIP ETF Price Performance

The firm’s 50 day moving average price is $172.36 and its 200-day moving average price is $160.87. The firm has a market cap of $575.22 million, a price-to-earnings ratio of 28.77 and a beta of 1.09.

Institutional Trading of Goldman Sachs Hedge Industry VIP ETF

A number of hedge funds have recently modified their holdings of the company. Jane Street Group LLC boosted its stake in Goldman Sachs Hedge Industry VIP ETF by 449.5% during the first quarter. Jane Street Group LLC now owns 11,962 shares of the company’s stock worth $1,410,000 after buying an additional 9,785 shares in the last quarter. StoneX Group Inc. bought a new stake in Goldman Sachs Hedge Industry VIP ETF in the 2nd quarter valued at $208,000. Raymond James Financial Inc. raised its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 1,226.9% in the 2nd quarter. Raymond James Financial Inc. now owns 41,624 shares of the company’s stock valued at $5,760,000 after buying an additional 38,487 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 5.1% in the 2nd quarter. Bank of America Corp DE now owns 155,110 shares of the company’s stock valued at $21,463,000 after buying an additional 7,474 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 220.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,918 shares of the company’s stock worth $907,000 after acquiring an additional 4,071 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.