HighTower Advisors LLC Reduces Stock Holdings in Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP)

HighTower Advisors LLC cut its stake in Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,402 shares of the company’s stock after selling 185 shares during the quarter. HighTower Advisors LLC’s holdings in Goldman Sachs Hedge Industry VIP ETF were worth $1,539,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Atomi Financial Group Inc. purchased a new stake in Goldman Sachs Hedge Industry VIP ETF in the fourth quarter worth about $215,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the 4th quarter worth approximately $242,000. Truist Financial Corp bought a new position in Goldman Sachs Hedge Industry VIP ETF during the 4th quarter valued at approximately $334,000. Nwam LLC bought a new position in Goldman Sachs Hedge Industry VIP ETF during the 3rd quarter valued at approximately $364,000. Finally, Raymond James Financial Inc. bought a new stake in Goldman Sachs Hedge Industry VIP ETF in the fourth quarter worth $391,000.

Goldman Sachs Hedge Industry VIP ETF Trading Up 2.3 %

NYSEARCA GVIP opened at $124.19 on Tuesday. The stock’s fifty day moving average price is $127.74 and its 200-day moving average price is $124.81. The stock has a market cap of $310.48 million, a P/E ratio of 23.87 and a beta of 1.10. Goldman Sachs Hedge Industry VIP ETF has a 12 month low of $98.77 and a 12 month high of $136.95.

Goldman Sachs Hedge Industry VIP ETF 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.