Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Trading Down 0.6%

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP)’s share price dropped 0.6% on Wednesday . The company traded as low as $104.03 and last traded at $104.39. Approximately 2,274 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 5,132 shares. The stock had previously closed at $104.98.

Goldman Sachs Hedge Industry VIP ETF Trading Down 1.2 %

The firm’s 50 day simple moving average is $106.55 and its 200-day simple moving average is $97.36. The stock has a market capitalization of $163.62 million, a price-to-earnings ratio of 23.40 and a beta of 1.11.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Raymond James & Associates grew its position in shares of Goldman Sachs Hedge Industry VIP ETF by 2.4% in the 1st quarter. Raymond James & Associates now owns 37,594 shares of the company’s stock valued at $3,467,000 after acquiring an additional 872 shares during the period. HighTower Advisors LLC increased its position in Goldman Sachs Hedge Industry VIP ETF by 21.6% during the first quarter. HighTower Advisors LLC now owns 15,848 shares of the company’s stock worth $1,459,000 after buying an additional 2,812 shares during the last quarter. Sowell Financial Services LLC raised its stake in Goldman Sachs Hedge Industry VIP ETF by 53.8% in the first quarter. Sowell Financial Services LLC now owns 17,665 shares of the company’s stock valued at $1,387,000 after buying an additional 6,181 shares during the period. Captrust Financial Advisors lifted its position in shares of Goldman Sachs Hedge Industry VIP ETF by 1,000.0% in the first quarter. Captrust Financial Advisors now owns 550 shares of the company’s stock valued at $51,000 after buying an additional 500 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Goldman Sachs Hedge Industry VIP ETF by 65.5% in the first quarter. Royal Bank of Canada now owns 29,652 shares of the company’s stock valued at $2,735,000 after buying an additional 11,737 shares during the last quarter.

Goldman Sachs Hedge Industry VIP ETF Company 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.