Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Shares Gap Up – Time to Buy?

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $169.06, but opened at $176.27. Goldman Sachs Hedge Industry VIP ETF shares last traded at $176.27, with a volume of 713 shares traded.

Goldman Sachs Hedge Industry VIP ETF Trading Up 0.6%

The company has a market cap of $531.09 million, a PE ratio of 28.77 and a beta of 1.09. The firm’s 50-day simple moving average is $168.46 and its two-hundred day simple moving average is $159.59.

Institutional Trading of Goldman Sachs Hedge Industry VIP ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Main Street Group LTD purchased a new stake in Goldman Sachs Hedge Industry VIP ETF during the first quarter worth $42,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Goldman Sachs Hedge Industry VIP ETF by 31.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock worth $107,000 after buying an additional 166 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in Goldman Sachs Hedge Industry VIP ETF during the third quarter worth $132,000. Strategic Blueprint LLC purchased a new stake in Goldman Sachs Hedge Industry VIP ETF during the fourth quarter worth $208,000. Finally, StoneX Group Inc. purchased a new stake in Goldman Sachs Hedge Industry VIP ETF during the second quarter worth $208,000.

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.