Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Sets New 52-Week High – What’s Next?

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) shares hit a new 52-week high during trading on Monday . The company traded as high as $181.96 and last traded at $181.96, with a volume of 456 shares traded. The stock had previously closed at $175.92.

Goldman Sachs Hedge Industry VIP ETF Stock Down 1.3%

The stock has a 50 day simple moving average of $170.40 and a 200 day simple moving average of $160.22. The company has a market cap of $543.48 million, a price-to-earnings ratio of 28.77 and a beta of 1.09.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GVIP. Main Street Group LTD acquired a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the first quarter worth about $42,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 31.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock worth $107,000 after acquiring an additional 166 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the third quarter worth about $132,000. Strategic Blueprint LLC acquired a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the fourth quarter worth about $208,000. Finally, StoneX Group Inc. acquired a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the second quarter worth about $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.