NewEdge Advisors LLC Increases Stock Holdings in Goldman Sachs Hedge Industry VIP ETF $GVIP

NewEdge Advisors LLC increased its stake in shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) by 6.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 98,015 shares of the company’s stock after acquiring an additional 6,235 shares during the quarter. NewEdge Advisors LLC’s holdings in Goldman Sachs Hedge Industry VIP ETF were worth $18,496,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GVIP. Raymond James Financial Inc. raised its position in Goldman Sachs Hedge Industry VIP ETF by 1,226.9% in the 2nd quarter. Raymond James Financial Inc. now owns 41,624 shares of the company’s stock valued at $5,760,000 after buying an additional 38,487 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Goldman Sachs Hedge Industry VIP ETF by 4,855.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 34,590 shares of the company’s stock worth $5,358,000 after acquiring an additional 33,892 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the 4th quarter worth $4,830,000. Bank of America Corp DE grew its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 7.1% in the 1st quarter. Bank of America Corp DE now owns 173,420 shares of the company’s stock worth $25,272,000 after acquiring an additional 11,505 shares in the last quarter. Finally, Royal Harbor Partners LLC purchased a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the fourth quarter valued at about $1,765,000.

Goldman Sachs Hedge Industry VIP ETF Price Performance

GVIP opened at $170.06 on Friday. The company’s 50-day moving average is $173.99 and its 200 day moving average is $168.53. Goldman Sachs Hedge Industry VIP ETF has a fifty-two week low of $138.73 and a fifty-two week high of $192.13. The firm has a market capitalization of $561.20 million, a P/E ratio of 28.77 and a beta of 1.09.

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.