Independent Advisor Alliance Invests $2 Million in Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP)

Independent Advisor Alliance purchased a new stake in Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) in the fourth quarter, Holdings Channel.com reports. The firm purchased 16,149 shares of the company’s stock, valued at approximately $2,004,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Nwam LLC bought a new position in Goldman Sachs Hedge Industry VIP ETF in the 3rd quarter worth approximately $364,000. Atomi Financial Group Inc. bought a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the fourth quarter worth $215,000. Great Lakes Retirement Inc. raised its position in shares of Goldman Sachs Hedge Industry VIP ETF by 3.3% during the fourth quarter. Great Lakes Retirement Inc. now owns 30,587 shares of the company’s stock worth $3,795,000 after acquiring an additional 975 shares during the last quarter. Avestar Capital LLC lifted its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 2.3% during the fourth quarter. Avestar Capital LLC now owns 57,306 shares of the company’s stock valued at $7,110,000 after acquiring an additional 1,296 shares during the period. Finally, Truist Financial Corp bought a new position in Goldman Sachs Hedge Industry VIP ETF in the fourth quarter valued at about $334,000.

Goldman Sachs Hedge Industry VIP ETF Stock Down 1.7 %

Shares of GVIP stock opened at $116.36 on Friday. Goldman Sachs Hedge Industry VIP ETF has a 12 month low of $98.77 and a 12 month high of $136.95. The firm has a market cap of $300.21 million, a price-to-earnings ratio of 26.42 and a beta of 1.10. The stock has a 50-day moving average price of $128.60 and a 200 day moving average price of $124.39.

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.