Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Hits New 52-Week High – What’s Next?

Shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) reached a new 52-week high during trading on Monday . The stock traded as high as $181.96 and last traded at $181.96, with a volume of 456 shares traded. The stock had previously closed at $175.92.

Goldman Sachs Hedge Industry VIP ETF Trading Up 3.1%

The stock has a market capitalization of $547.98 million, a PE ratio of 28.77 and a beta of 1.09. The company’s 50 day simple moving average is $169.05 and its 200 day simple moving average is $159.79.

Institutional Trading of Goldman Sachs Hedge Industry VIP ETF

Institutional investors have recently made changes to their positions in the stock. Main Street Group LTD purchased a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the 1st quarter valued at $42,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 valued at $107,000 after buying an additional 166 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the 3rd quarter valued at $132,000. Strategic Blueprint LLC purchased a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the 4th quarter valued at $208,000. Finally, Revisor Wealth Management LLC purchased a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the 4th quarter valued at $215,000.

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.