Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Reaches New 52-Week High – Here’s Why

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $177.61 and last traded at $177.61, with a volume of 682 shares traded. The stock had previously closed at $174.32.

Goldman Sachs Hedge Industry VIP ETF Stock Performance

The company has a market cap of $533.28 million, a PE ratio of 28.77 and a beta of 1.08. The stock’s 50-day simple moving average is $160.63 and its 200 day simple moving average is $157.18.

Hedge Funds Weigh In On Goldman Sachs Hedge Industry VIP ETF

Large investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in Goldman Sachs Hedge Industry VIP ETF by 220.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,918 shares of the company’s stock worth $907,000 after buying an additional 4,071 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in Goldman Sachs Hedge Industry VIP ETF in the 4th quarter valued at about $853,000. Private Advisory Group LLC raised its position in Goldman Sachs Hedge Industry VIP ETF by 39.0% during the third quarter. Private Advisory Group LLC now owns 35,323 shares of the company’s stock worth $5,414,000 after acquiring an additional 9,911 shares during the last quarter. Truist Financial Corp raised its position in Goldman Sachs Hedge Industry VIP ETF by 28.2% during the fourth quarter. Truist Financial Corp now owns 23,566 shares of the company’s stock worth $3,650,000 after acquiring an additional 5,184 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Goldman Sachs Hedge Industry VIP ETF by 4,855.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 34,590 shares of the company’s stock worth $5,358,000 after acquiring an additional 33,892 shares during 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.