Envestnet Asset Management Inc. Reduces Stock Position in Goldman Sachs Hedge Industry VIP ETF $GVIP

Envestnet Asset Management Inc. trimmed its stake in shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) by 17.5% in the second quarter, Holdings Channel.com reports. The fund owned 1,847 shares of the company’s stock after selling 393 shares during the period. Envestnet Asset Management Inc.’s holdings in Goldman Sachs Hedge Industry VIP ETF were worth $256,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. MAI Capital Management purchased a new position in Goldman Sachs Hedge Industry VIP ETF in the 1st quarter valued at approximately $48,000. Avantax Advisory Services Inc. acquired a new stake in Goldman Sachs Hedge Industry VIP ETF in the first quarter valued at $214,000. Atria Wealth Solutions Inc. increased its position in shares of Goldman Sachs Hedge Industry VIP ETF by 50.1% in the first quarter. Atria Wealth Solutions Inc. now owns 2,926 shares of the company’s stock valued at $345,000 after buying an additional 977 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the first quarter valued at $514,000. Finally, Townsquare Capital LLC acquired a new position in shares of Goldman Sachs Hedge Industry VIP ETF during the 1st quarter worth $585,000.

Goldman Sachs Hedge Industry VIP ETF Stock Up 1.0%

Goldman Sachs Hedge Industry VIP ETF stock opened at $153.85 on Friday. The firm has a market capitalization of $415.40 million, a PE ratio of 28.77 and a beta of 1.06. Goldman Sachs Hedge Industry VIP ETF has a 52 week low of $100.33 and a 52 week high of $157.02. The firm’s 50-day simple moving average is $152.57 and its 200 day simple moving average is $143.37.

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.