Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Shares Gap Down – Time to Sell?

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) gapped down prior to trading on Wednesday . The stock had previously closed at $191.74, but opened at $180.15. Goldman Sachs Hedge Industry VIP ETF shares last traded at $180.38, with a volume of 903 shares traded.

Goldman Sachs Hedge Industry VIP ETF Stock Up 0.7%

The company has a market capitalization of $544.68 million, a P/E ratio of 28.77 and a beta of 1.09. The company has a 50-day moving average of $173.53 and a two-hundred day moving average of $161.34.

Institutional Trading of Goldman Sachs Hedge Industry VIP ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GVIP. Main Street Group LTD purchased a new stake in Goldman Sachs Hedge Industry VIP ETF in the first quarter worth about $42,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 31.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock valued at $107,000 after acquiring an additional 166 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Goldman Sachs Hedge Industry VIP ETF during the 3rd quarter valued at approximately $132,000. Strategic Blueprint LLC purchased a new stake in Goldman Sachs Hedge Industry VIP ETF in the 4th quarter worth approximately $208,000. Finally, Revisor Wealth Management LLC purchased a new stake in Goldman Sachs Hedge Industry VIP ETF in the 4th quarter worth approximately $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.