Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Strong Trading Volume – Time to Buy?

Shares of Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw unusually-strong trading volume on Tuesday . Approximately 32,468 shares traded hands during mid-day trading, a decline of 25% from the previous session’s volume of 43,079 shares.The stock last traded at $45.40 and had previously closed at $45.20.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Performance

The stock has a 50-day simple moving average of $45.49 and a two-hundred day simple moving average of $46.11.

Hedge Funds Weigh In On Goldman Sachs Access Investment Grade Corporate Bond ETF

A number of large investors have recently modified their holdings of the company. Executive Wealth Management LLC purchased a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF during the third quarter valued at about $50,612,000. Stephens Inc. AR boosted its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 0.7% during the 3rd quarter. Stephens Inc. AR now owns 484,423 shares of the company’s stock valued at $22,923,000 after acquiring an additional 3,275 shares during the period. OneDigital Investment Advisors LLC bought a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $19,604,000. Principal Securities Inc. increased its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 0.5% in the 3rd quarter. Principal Securities Inc. now owns 273,406 shares of the company’s stock worth $12,938,000 after purchasing an additional 1,233 shares during the period. Finally, Destiny Wealth Partners LLC increased its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 5.0% in the 3rd quarter. Destiny Wealth Partners LLC now owns 250,028 shares of the company’s stock worth $11,831,000 after purchasing an additional 11,952 shares during the period.

Goldman Sachs Access Investment Grade Corporate Bond ETF Company Profile

The Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad-maturity, USD-denominated, investment-grade corporate bond index selected by operating margin and leverage. GIGB was launched on Jun 6, 2017 and is managed by Goldman Sachs.