Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Shares Down 0.5% – Time to Sell?

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) traded down 0.5% on Friday. The stock traded as low as $159.53 and last traded at $159.53. Approximately 16,499 shares were traded during mid-day trading, an increase of 39% from the average session volume of 11,867 shares. The stock had previously closed at $160.37.

Goldman Sachs Hedge Industry VIP ETF Price Performance

The stock has a market capitalization of $542.40 million, a P/E ratio of 28.77 and a beta of 1.09. The business’s 50 day simple moving average is $170.48 and its 200-day simple moving average is $172.50.

Institutional Investors Weigh In On Goldman Sachs Hedge Industry VIP ETF

Institutional investors have recently made changes to their positions in the stock. Cross Staff Investments Inc lifted its stake in Goldman Sachs Hedge Industry VIP ETF by 10.3% in the third quarter. Cross Staff Investments Inc now owns 8,686 shares of the company’s stock valued at $1,478,000 after buying an additional 808 shares during the period. Retirement Planning Group LLC acquired a new position in shares of Goldman Sachs Hedge Industry VIP ETF during the 3rd quarter worth about $357,000. Cornell Pochily Investment Advisors Inc. bought a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the 3rd quarter valued at about $227,000. Mather Group LLC. bought a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the 3rd quarter valued at about $255,000. Finally, Farther Finance Advisors LLC raised its position in shares of Goldman Sachs Hedge Industry VIP ETF by 7.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,324 shares of the company’s stock valued at $1,076,000 after acquiring an additional 435 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.