HighTower Advisors LLC Sells 185 Shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP)

HighTower Advisors LLC trimmed its stake in Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,402 shares of the company’s stock after selling 185 shares during the period. HighTower Advisors LLC owned approximately 0.73% of Goldman Sachs Hedge Industry VIP ETF worth $1,539,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GVIP. Independent Advisor Alliance purchased a new position in shares of Goldman Sachs Hedge Industry VIP ETF during the 4th quarter valued at about $2,004,000. Raymond James Financial Inc. purchased a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the 4th quarter valued at $391,000. Nwam LLC bought a new position in shares of Goldman Sachs Hedge Industry VIP ETF during the 3rd quarter valued at $364,000. Truist Financial Corp purchased a new position in Goldman Sachs Hedge Industry VIP ETF in the 4th quarter worth $334,000. Finally, Atria Wealth Solutions Inc. bought a new position in shares of Goldman Sachs Hedge Industry VIP ETF during the fourth quarter valued at about $242,000.

Goldman Sachs Hedge Industry VIP ETF Price Performance

GVIP opened at $124.19 on Tuesday. Goldman Sachs Hedge Industry VIP ETF has a 1 year low of $98.77 and a 1 year high of $136.95. The firm has a market cap of $310.48 million, a price-to-earnings ratio of 23.87 and a beta of 1.10. The stock’s 50 day simple moving average is $127.74 and its 200 day simple moving average is $124.81.

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.