Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Sees Strong Trading Volume – Here’s What Happened

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) shares saw unusually-strong trading volume on Friday . Approximately 11,507 shares traded hands during mid-day trading, a decline of 9% from the previous session’s volume of 12,674 shares.The stock last traded at $172.93 and had previously closed at $175.03.

Goldman Sachs Hedge Industry VIP ETF Stock Performance

The stock has a 50 day moving average of $178.39 and a 200-day moving average of $165.15. The company has a market cap of $563.64 million, a PE ratio of 28.77 and a beta of 1.08.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Main Street Group LTD acquired a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the first quarter worth about $42,000. Northwestern Mutual Wealth Management Co. increased its holdings in Goldman Sachs Hedge Industry VIP ETF by 31.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock worth $107,000 after buying an additional 166 shares during the period. JPMorgan Chase & Co. acquired a new position in Goldman Sachs Hedge Industry VIP ETF in the 3rd quarter worth approximately $132,000. Strategic Blueprint LLC purchased a new position in Goldman Sachs Hedge Industry VIP ETF during the 4th quarter worth approximately $208,000. Finally, StoneX Group Inc. purchased a new position in Goldman Sachs Hedge Industry VIP ETF during the 2nd quarter worth approximately $208,000.

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.