Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Stock Price Down 0.5% – What’s Next?

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) shares were down 0.5% during mid-day trading on Friday. The stock traded as low as $159.53 and last traded at $159.53. Approximately 16,499 shares changed hands 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 Trading Down 0.5%

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

Hedge Funds Weigh In On Goldman Sachs Hedge Industry VIP ETF

Large investors have recently modified their holdings of the stock. NewEdge Advisors LLC raised its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 100.4% in the 1st 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 in the last quarter. Bank of America Corp DE lifted its stake in Goldman Sachs Hedge Industry VIP ETF by 7.1% during the first quarter. Bank of America Corp DE now owns 173,420 shares of the company’s stock valued at $25,272,000 after purchasing an additional 11,505 shares during the last quarter. Hudson Value Partners LLC lifted its stake in Goldman Sachs Hedge Industry VIP ETF by 49.6% during the second quarter. Hudson Value Partners LLC now owns 24,163 shares of the company’s stock valued at $4,560,000 after purchasing an additional 8,012 shares during the last quarter. GK Wealth Management LLC bought a new stake in Goldman Sachs Hedge Industry VIP ETF during the second quarter worth approximately $913,000. Finally, American National Bank & Trust bought a new stake in Goldman Sachs Hedge Industry VIP ETF during the third quarter worth approximately $472,000.

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.