Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Trading 2.1% Higher – Still a Buy?

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) rose 2.1% during mid-day trading on Wednesday . The stock traded as high as $128.23 and last traded at $128.07. Approximately 2,387 shares changed hands during trading, a decline of 74% from the average daily volume of 9,065 shares. The stock had previously closed at $125.48.

Goldman Sachs Hedge Industry VIP ETF Stock Up 0.5 %

The firm’s 50-day simple moving average is $126.69 and its 200-day simple moving average is $119.32. The firm has a market capitalization of $219.96 million, a PE ratio of 29.46 and a beta of 1.09.

Hedge Funds Weigh In On Goldman Sachs Hedge Industry VIP ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Atomi Financial Group Inc. bought a new stake in Goldman Sachs Hedge Industry VIP ETF in the fourth quarter valued at approximately $215,000. Nwam LLC purchased a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the third quarter worth $364,000. Sanctuary Advisors LLC bought a new stake in Goldman Sachs Hedge Industry VIP ETF during the 2nd quarter valued at $786,000. Hudson Value Partners LLC boosted its position in Goldman Sachs Hedge Industry VIP ETF by 4.8% during the 3rd quarter. Hudson Value Partners LLC now owns 11,774 shares of the company’s stock valued at $1,408,000 after buying an additional 539 shares during the period. Finally, Lionsbridge Wealth Management LLC purchased a new stake in Goldman Sachs Hedge Industry VIP ETF during the 3rd quarter valued at $1,752,000.

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.