LPL Financial LLC Lowers Stock Position in Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP)

LPL Financial LLC trimmed its holdings in Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,215 shares of the company’s stock after selling 3,931 shares during the quarter. LPL Financial LLC owned approximately 6.07% of Goldman Sachs Hedge Industry VIP ETF worth $12,806,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GVIP. Flagship Wealth Advisors LLC purchased a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the fourth quarter valued at about $62,000. Independent Advisor Alliance purchased a new stake in Goldman Sachs Hedge Industry VIP ETF during the 4th quarter valued at approximately $2,004,000. Raymond James Financial Inc. acquired a new stake in Goldman Sachs Hedge Industry VIP ETF during the 4th quarter worth approximately $391,000. Atria Wealth Solutions Inc. purchased a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the 4th quarter valued at approximately $242,000. Finally, Truist Financial Corp acquired a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the fourth quarter valued at approximately $334,000.

Goldman Sachs Hedge Industry VIP ETF Price Performance

Goldman Sachs Hedge Industry VIP ETF stock opened at $120.16 on Thursday. The business has a 50 day simple moving average of $126.47 and a 200-day simple moving average of $125.09. Goldman Sachs Hedge Industry VIP ETF has a 12 month low of $98.77 and a 12 month high of $136.95. The stock has a market capitalization of $300.40 million, a PE ratio of 23.87 and a beta of 1.10.

Goldman Sachs Hedge Industry VIP ETF Company 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.