Lionsbridge Wealth Management LLC Purchases Shares of 14,648 Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP)

Lionsbridge Wealth Management LLC acquired a new position in shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 14,648 shares of the company’s stock, valued at approximately $1,752,000. Goldman Sachs Hedge Industry VIP ETF makes up about 1.4% of Lionsbridge Wealth Management LLC’s portfolio, making the stock its 26th largest holding.

A number of other large investors have also recently made changes to their positions in the business. NewEdge Advisors LLC raised its position in Goldman Sachs Hedge Industry VIP ETF by 41.3% in the 2nd quarter. NewEdge Advisors LLC now owns 89,092 shares of the company’s stock valued at $9,850,000 after buying an additional 26,062 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the 2nd quarter worth $786,000. Private Advisor Group LLC raised its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 14.9% in the second quarter. Private Advisor Group LLC now owns 15,545 shares of the company’s stock valued at $1,719,000 after purchasing an additional 2,019 shares during the last quarter. Mather Group LLC. purchased a new position in Goldman Sachs Hedge Industry VIP ETF during the second quarter worth about $164,000. Finally, Great Lakes Retirement Inc. boosted its holdings in Goldman Sachs Hedge Industry VIP ETF by 4.2% during the third quarter. Great Lakes Retirement Inc. now owns 29,612 shares of the company’s stock worth $3,542,000 after purchasing an additional 1,197 shares during the last quarter.

Goldman Sachs Hedge Industry VIP ETF Stock Performance

NYSEARCA:GVIP opened at $127.10 on Friday. Goldman Sachs Hedge Industry VIP ETF has a 52 week low of $87.07 and a 52 week high of $127.29. The firm has a 50-day moving average price of $119.32 and a two-hundred day moving average price of $113.46. The firm has a market cap of $216.07 million, a price-to-earnings ratio of 29.46 and a beta of 1.09.

Goldman Sachs Hedge Industry VIP ETF Profile

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.