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

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) shares saw unusually-strong trading volume on Tuesday . Approximately 31,047 shares traded hands during mid-day trading, a decline of 19% from the previous session’s volume of 38,196 shares.The stock last traded at $44.75 and had previously closed at $44.96.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Performance

The business’s 50 day simple moving average is $45.73 and its two-hundred day simple moving average is $46.16.

Institutional Investors Weigh In On Goldman Sachs Access Investment Grade Corporate Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of GIGB. Semmax Financial Advisors Inc. bought a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF in the second quarter valued at about $38,000. Newbridge Financial Services Group Inc. raised its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 39.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,383 shares of the company’s stock valued at $63,000 after buying an additional 388 shares during the last quarter. Centaurus Financial Inc. bought a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF in the 3rd quarter valued at approximately $263,000. Theory Financial LLC boosted its position in Goldman Sachs Access Investment Grade Corporate Bond ETF by 23.2% during the 3rd quarter. Theory Financial LLC now owns 6,742 shares of the company’s stock worth $309,000 after buying an additional 1,268 shares during the period. Finally, Redwood Investment Management LLC grew its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 10.3% during the 3rd quarter. Redwood Investment Management LLC now owns 7,007 shares of the company’s stock worth $332,000 after acquiring an additional 655 shares during the last quarter.

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.