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

Independent Advisor Alliance acquired a new position in shares of Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,149 shares of the company’s stock, valued at approximately $2,004,000. Independent Advisor Alliance owned about 0.95% of Goldman Sachs Hedge Industry VIP ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GVIP. Avestar Capital LLC grew its holdings 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 purchasing an additional 1,296 shares during the last quarter. Great Lakes Retirement Inc. boosted its position in Goldman Sachs Hedge Industry VIP ETF by 3.3% during the 4th quarter. Great Lakes Retirement Inc. now owns 30,587 shares of the company’s stock valued at $3,795,000 after purchasing an additional 975 shares during the period. Raymond James Financial Inc. bought a new position in Goldman Sachs Hedge Industry VIP ETF during the 4th quarter worth $391,000. Nwam LLC acquired a new stake in Goldman Sachs Hedge Industry VIP ETF in the third quarter worth $364,000. Finally, Truist Financial Corp acquired a new stake in Goldman Sachs Hedge Industry VIP ETF in the fourth quarter worth $334,000.

Goldman Sachs Hedge Industry VIP ETF Trading Down 1.7 %

Shares of NYSEARCA:GVIP opened at $116.36 on Friday. The firm’s 50 day moving average is $128.60 and its two-hundred day moving average is $124.39. The firm has a market capitalization of $300.21 million, a P/E ratio of 26.42 and a beta of 1.10. Goldman Sachs Hedge Industry VIP ETF has a 52 week low of $98.77 and a 52 week 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.