Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Sees Large Volume Increase – Here’s What Happened

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) saw an uptick in trading volume on Thursday . Approximately 18,888 shares traded hands during trading, an increase of 53% from the previous session’s volume of 12,381 shares.The stock last traded at $173.24 and had previously closed at $173.38.

Goldman Sachs Hedge Industry VIP ETF Stock Down 0.3%

The company has a market cap of $570.14 million, a PE ratio of 28.77 and a beta of 1.09. The company’s fifty day moving average is $177.20 and its 200-day moving average is $167.05.

Institutional Trading of Goldman Sachs Hedge Industry VIP ETF

Several large investors have recently modified their holdings of GVIP. Jane Street Group LLC increased its position in Goldman Sachs Hedge Industry VIP ETF by 449.5% during the first quarter. Jane Street Group LLC now owns 11,962 shares of the company’s stock valued at $1,410,000 after acquiring an additional 9,785 shares during the last quarter. StoneX Group Inc. purchased a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the 2nd quarter valued at about $208,000. Raymond James Financial Inc. lifted its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 1,226.9% in the 2nd quarter. Raymond James Financial Inc. now owns 41,624 shares of the company’s stock worth $5,760,000 after purchasing an additional 38,487 shares during the period. Bank of America Corp DE lifted its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 5.1% in the 2nd quarter. Bank of America Corp DE now owns 155,110 shares of the company’s stock worth $21,463,000 after purchasing an additional 7,474 shares during the period. Finally, JPMorgan Chase & Co. purchased a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the third quarter worth approximately $132,000.

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.