Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Large Volume Increase

Shares of Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw unusually-high trading volume on Thursday . Approximately 358,229 shares traded hands during mid-day trading, an increase of 455% from the previous session’s volume of 64,590 shares.The stock last traded at $46.98 and had previously closed at $46.86.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Down 0.1 %

The firm has a fifty day moving average price of $46.13 and a 200 day moving average price of $45.52.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 11.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,518,627 shares of the company’s stock worth $162,912,000 after acquiring an additional 364,980 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the 2nd quarter valued at $10,893,000. UBS Group AG boosted its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 571.8% in the 4th quarter. UBS Group AG now owns 199,325 shares of the company’s stock worth $9,231,000 after purchasing an additional 169,654 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 429.4% during the first quarter. Cetera Investment Advisers now owns 183,343 shares of the company’s stock worth $8,395,000 after purchasing an additional 148,714 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 244.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 186,055 shares of the company’s stock valued at $8,520,000 after purchasing an additional 132,077 shares during the last quarter.

About Goldman Sachs Access Investment Grade Corporate Bond ETF

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.