Shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP – Get Free Report) saw unusually-high trading volume on Thursday . 18,888 shares traded hands during trading, an increase of 53% from the previous session’s volume of 12,381 shares.The stock last traded at $173.24 and had previously closed at $173.38.
Goldman Sachs Hedge Industry VIP ETF Price Performance
The stock has a 50-day moving average price of $177.34 and a 200-day moving average price of $166.91. The company has a market capitalization of $569.12 million, a P/E ratio of 28.77 and a beta of 1.09.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its holdings in Goldman Sachs Hedge Industry VIP ETF by 449.5% in the first quarter. Jane Street Group LLC now owns 11,962 shares of the company’s stock worth $1,410,000 after acquiring an additional 9,785 shares in the last quarter. StoneX Group Inc. bought a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the second quarter valued at $208,000. Raymond James Financial Inc. boosted its stake in Goldman Sachs Hedge Industry VIP ETF by 1,226.9% during the 2nd quarter. Raymond James Financial Inc. now owns 41,624 shares of the company’s stock valued at $5,760,000 after purchasing an additional 38,487 shares during the last quarter. Bank of America Corp DE grew its holdings in Goldman Sachs Hedge Industry VIP ETF by 5.1% during the second quarter. Bank of America Corp DE now owns 155,110 shares of the company’s stock worth $21,463,000 after buying an additional 7,474 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the third quarter valued at about $132,000.
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.
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