Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Sees Unusually-High Trading Volume – Here’s Why

Shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) saw an uptick in trading volume on Tuesday . 92,227 shares changed hands during trading, an increase of 569% from the previous session’s volume of 13,780 shares.The stock last traded at $171.72 and had previously closed at $168.63.

Goldman Sachs Hedge Industry VIP ETF Price Performance

The stock has a market cap of $514.02 million, a P/E ratio of 28.77 and a beta of 1.08. The company has a fifty day moving average of $154.78 and a 200 day moving average of $155.08.

Institutional Investors Weigh In On Goldman Sachs Hedge Industry VIP ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in Goldman Sachs Hedge Industry VIP ETF by 31.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock worth $107,000 after purchasing an additional 166 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Goldman Sachs Hedge Industry VIP ETF during the third quarter worth approximately $132,000. Strategic Blueprint LLC bought a new stake in Goldman Sachs Hedge Industry VIP ETF during the fourth quarter worth approximately $208,000. StoneX Group Inc. bought a new stake in Goldman Sachs Hedge Industry VIP ETF during the second quarter worth approximately $208,000. Finally, Revisor Wealth Management LLC bought a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the fourth quarter valued at $215,000.

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.