Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Reaches New 1-Year High – Time to Buy?

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) reached a new 52-week high during trading on Tuesday . The stock traded as high as $177.61 and last traded at $177.61, with a volume of 682 shares traded. The stock had previously closed at $174.32.

Goldman Sachs Hedge Industry VIP ETF Trading Up 0.3%

The firm has a 50 day moving average of $161.79 and a 200-day moving average of $157.54. The company has a market cap of $535.56 million, a P/E ratio of 28.77 and a beta of 1.08.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC raised its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 449.5% in the 1st quarter. Jane Street Group LLC now owns 11,962 shares of the company’s stock valued at $1,410,000 after purchasing an additional 9,785 shares in the last quarter. StoneX Group Inc. purchased a new position in Goldman Sachs Hedge Industry VIP ETF during the second quarter valued at approximately $208,000. Raymond James Financial Inc. increased its holdings in Goldman Sachs Hedge Industry VIP ETF by 1,226.9% during the second 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 during the period. Bank of America Corp DE raised its stake in Goldman Sachs Hedge Industry VIP ETF by 5.1% in 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, Truist Financial Corp lifted its holdings in Goldman Sachs Hedge Industry VIP ETF by 26.4% during the third quarter. Truist Financial Corp now owns 18,382 shares of the company’s stock worth $2,817,000 after buying an additional 3,835 shares during the period.

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.