Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Trading Down 0.6%

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP)’s share price dropped 0.6% during trading on Wednesday . The stock traded as low as $104.03 and last traded at $104.39. Approximately 2,274 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 5,132 shares. The stock had previously closed at $104.98.

Goldman Sachs Hedge Industry VIP ETF Price Performance

The business’s 50-day moving average price is $106.55 and its 200-day moving average price is $97.36. The firm has a market capitalization of $163.62 million, a PE ratio of 23.40 and a beta of 1.11.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GVIP. Main Street Group LTD purchased a new position in Goldman Sachs Hedge Industry VIP ETF in the 4th quarter valued at about $28,000. Advisor Group Holdings Inc. boosted its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 221.8% in the 4th quarter. Advisor Group Holdings Inc. now owns 708 shares of the company’s stock valued at $49,000 after purchasing an additional 488 shares during the last quarter. Captrust Financial Advisors grew its position in Goldman Sachs Hedge Industry VIP ETF by 1,000.0% during the first quarter. Captrust Financial Advisors now owns 550 shares of the company’s stock valued at $51,000 after acquiring an additional 500 shares during the period. M&T Bank Corp acquired a new stake in Goldman Sachs Hedge Industry VIP ETF during the third quarter worth about $206,000. Finally, Nwam LLC purchased a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the 1st quarter worth about $209,000.

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.