Shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP – Get Free Report) saw unusually-high trading volume on Thursday . Approximately 45,560 shares changed hands during trading, an increase of 263% from the previous session’s volume of 12,556 shares.The stock last traded at $173.05 and had previously closed at $172.99.
Goldman Sachs Hedge Industry VIP ETF Stock Up 0.0%
The firm has a market capitalization of $571.07 million, a PE ratio of 28.77 and a beta of 1.09. The company has a 50-day moving average of $176.65 and a 200 day moving average of $167.43.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 7.1% during the 1st quarter. Bank of America Corp DE now owns 173,420 shares of the company’s stock valued at $25,272,000 after buying an additional 11,505 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Goldman Sachs Hedge Industry VIP ETF by 100.4% in the first quarter. NewEdge Advisors LLC now owns 91,780 shares of the company’s stock worth $13,375,000 after purchasing an additional 45,992 shares during the period. LPL Financial LLC grew its holdings in Goldman Sachs Hedge Industry VIP ETF by 6.0% in the fourth quarter. LPL Financial LLC now owns 81,040 shares of the company’s stock worth $12,553,000 after purchasing an additional 4,558 shares during the period. Raymond James Financial Inc. increased its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 29.8% during the third quarter. Raymond James Financial Inc. now owns 54,028 shares of the company’s stock valued at $8,280,000 after purchasing an additional 12,404 shares in the last quarter. Finally, Texas Yale Capital Corp. increased its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 3.4% during the fourth quarter. Texas Yale Capital Corp. now owns 47,736 shares of the company’s stock valued at $7,394,000 after purchasing an additional 1,548 shares in the last quarter.
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.
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