Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Stock Price Down 0.5% – Time to Sell?

Shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) fell 0.5% during trading on Friday. The stock traded as low as $159.53 and last traded at $159.53. Approximately 16,499 shares changed hands during mid-day trading, an increase of 39% from the average daily volume of 11,867 shares. The stock had previously closed at $160.37.

Goldman Sachs Hedge Industry VIP ETF Price Performance

The firm has a 50 day simple moving average of $170.48 and a 200-day simple moving average of $172.50. The stock has a market capitalization of $542.40 million, a price-to-earnings ratio of 28.77 and a beta of 1.09.

Institutional Investors Weigh In On Goldman Sachs Hedge Industry VIP ETF

Several large investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in Goldman Sachs Hedge Industry VIP ETF by 7.1% during the 1st quarter. Bank of America Corp DE now owns 173,420 shares of the company’s stock valued at $25,272,000 after purchasing an additional 11,505 shares during the last quarter. NewEdge Advisors LLC boosted its position in Goldman Sachs Hedge Industry VIP ETF by 6.8% in the second quarter. NewEdge Advisors LLC now owns 98,015 shares of the company’s stock valued at $18,496,000 after buying an additional 6,235 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in Goldman Sachs Hedge Industry VIP ETF by 9.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 30,903 shares of the company’s stock valued at $4,787,000 after buying an additional 2,681 shares in the last quarter. Hudson Value Partners LLC grew its stake in Goldman Sachs Hedge Industry VIP ETF by 49.6% during the second quarter. Hudson Value Partners LLC now owns 24,163 shares of the company’s stock worth $4,560,000 after buying an additional 8,012 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in Goldman Sachs Hedge Industry VIP ETF by 2.8% during the first quarter. Private Advisor Group LLC now owns 16,357 shares of the company’s stock worth $2,384,000 after buying an additional 440 shares during the last quarter.

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.