GK Wealth Management LLC Makes New $913,000 Investment in Goldman Sachs Hedge Industry VIP ETF $GVIP

GK Wealth Management LLC bought a new position in Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,836 shares of the company’s stock, valued at approximately $913,000. GK Wealth Management LLC owned 0.15% of Goldman Sachs Hedge Industry VIP ETF at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GVIP. HighTower Advisors LLC raised its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 1.3% in the fourth quarter. HighTower Advisors LLC now owns 5,373 shares of the company’s stock valued at $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 increased its position 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 valued at $320,000 after purchasing an additional 92 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 31.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock valued at $107,000 after purchasing an additional 166 shares in the last quarter. Finally, Hudson Value Partners LLC raised its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 1.5% in the 4th quarter. Hudson Value Partners LLC now owns 15,632 shares of the company’s stock valued at $2,422,000 after purchasing an additional 231 shares in the last quarter.

Goldman Sachs Hedge Industry VIP ETF Stock Performance

Shares of GVIP opened at $175.56 on Wednesday. The company has a 50 day moving average price of $177.78 and a 200-day moving average price of $165.70. Goldman Sachs Hedge Industry VIP ETF has a fifty-two week low of $137.86 and a fifty-two week high of $192.13. The stock has a market capitalization of $579.35 million, a PE ratio of 28.77 and a beta of 1.09.

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.